Fabrinet (NYSE:FN) Stock Price Target Cut by Rosenblatt Securities

Fabrinet (NYSE:FN) had its target price dropped by analysts at Rosenblatt Securities from $750.00 to $600.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities‘s target price points to a potential upside of 91.17% from the stock’s current price.

FN has been the topic of several other research reports. Susquehanna dropped their price objective on Fabrinet from $850.00 to $600.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. B. Riley Financial decreased their target price on shares of Fabrinet from $431.00 to $385.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Needham & Company LLC reduced their price objective on shares of Fabrinet from $650.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and a consensus target price of $607.38.

Fabrinet Trading Down 4.1%

Shares of NYSE FN opened at $313.86 on Tuesday. Fabrinet has a 1 year low of $305.63 and a 1 year high of $748.89. The firm’s 50-day moving average is $402.07 and its 200-day moving average is $521.45. The firm has a market capitalization of $11.25 billion, a PE ratio of 24.05 and a beta of 1.23.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.14. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company posted $2.92 EPS. Fabrinet’s revenue for the quarter was up 50.7% on a year-over-year basis. As a group, equities research analysts anticipate that Fabrinet will post 17.50 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Edward Archer sold 2,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total transaction of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. This represents a 26.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Fabrinet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in Fabrinet by 36.4% during the 3rd quarter. Alps Advisors Inc. now owns 1,925 shares of the technology company’s stock valued at $817,000 after purchasing an additional 514 shares during the period. CenterBook Partners LP boosted its stake in shares of Fabrinet by 64.9% in the 3rd quarter. CenterBook Partners LP now owns 31,691 shares of the technology company’s stock valued at $13,446,000 after purchasing an additional 12,471 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Fabrinet during the third quarter worth $51,000. Calamos Advisors LLC increased its position in shares of Fabrinet by 1,469.7% during the third quarter. Calamos Advisors LLC now owns 51,800 shares of the technology company’s stock worth $21,977,000 after buying an additional 48,500 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Fabrinet by 23.0% during the third quarter. Kestra Advisory Services LLC now owns 3,315 shares of the technology company’s stock worth $1,406,000 after buying an additional 619 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

More Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fiscal Q1 revenue of $1.47 billion, up 50.7% year over year and above both its guidance range and analysts’ expectations of approximately $1.41 billion. Fabrinet Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Adjusted earnings came in at $4.34 per share, exceeding consensus estimates near $4.19-$4.20 and rising from $2.92 a year earlier. The revenue and earnings “double beat” supported the initial upward reaction in the shares. Fabrinet Stock Jumps on Q1 Earnings Double Beat, Strong Guidance
• Positive Sentiment: Management forecast fiscal Q2 revenue of $1.60 billion to $1.65 billion, implying continued strong demand, while beginning construction of Building 11, which is expected to add roughly $3 billion of capacity. Fabrinet anticipates Q2 revenue of $1.6B-$1.65B while starting Building 11
• Neutral Sentiment: The rapid growth is being driven by Fabrinet’s optical manufacturing business, particularly demand tied to advanced optical products and data-center infrastructure.
• Negative Sentiment: Investors are also monitoring the cost of expansion and a new global minimum tax, which limited GAAP earnings growth relative to the 51% revenue increase and may pressure cash flow and margins. Fabrinet’s 51% Growth Comes at a Cash Cost
• Negative Sentiment: The stock recently touched a new 52-week low near $314, highlighting elevated volatility and continued sensitivity to valuation, execution and broader technology-sector sentiment. Fabrinet Drops to $314, a New 52-Week Low

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.