Fabrinet (NYSE:FN) Stock Price Target Lowered at Barclays

Fabrinet (NYSE:FN) had its price objective trimmed by Barclays from $739.00 to $496.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

FN has been the subject of a number of other reports. Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. Susquehanna dropped their price objective on shares of Fabrinet from $850.00 to $600.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Weiss Ratings cut Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Rosenblatt Securities decreased their price target on Fabrinet from $750.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and a consensus price target of $548.88.

Fabrinet Trading Down 6.0%

NYSE:FN opened at $341.37 on Wednesday. The stock’s 50 day moving average price is $399.10 and its 200 day moving average price is $520.09. Fabrinet has a 52-week low of $305.63 and a 52-week high of $748.89. The company has a market capitalization of $12.23 billion, a PE ratio of 24.97 and a beta of 1.35. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.03.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.13. Fabrinet had a net margin of 9.35% and a return on equity of 22.32%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $2.92 EPS. Fabrinet’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, research analysts anticipate that Fabrinet will post 17.57 EPS for the current year.

Insider Buying and Selling

In other news, EVP Edward Archer sold 2,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the transaction, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. The trade was a 26.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.22% of the company’s stock.

Institutional Trading of Fabrinet

Hedge funds and other institutional investors have recently modified their holdings of the company. Csenge Advisory Group increased its stake in shares of Fabrinet by 22.7% during the 3rd quarter. Csenge Advisory Group now owns 606 shares of the technology company’s stock worth $257,000 after purchasing an additional 112 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Fabrinet in the 3rd quarter valued at $232,000. Shepherd Financial Partners LLC lifted its stake in shares of Fabrinet by 2.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 1,764 shares of the technology company’s stock valued at $748,000 after purchasing an additional 45 shares during the last quarter. Ethic Inc. boosted its holdings in Fabrinet by 58.2% in the third quarter. Ethic Inc. now owns 2,820 shares of the technology company’s stock worth $1,196,000 after purchasing an additional 1,038 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in Fabrinet in the third quarter worth $210,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fiscal Q1 2027 earnings beat expectations: Fabrinet reported $4.34 per share and $1.47 billion in revenue. Data-center revenue rose 78%, supported by demand for AI-related infrastructure. FN Q1 Earnings Beat Estimates, Data Center Demand Aids Revenues
• Positive Sentiment: Management’s Q2 outlook was well above consensus, with revenue guidance of $1.6 billion–$1.7 billion and EPS of $4.77–$4.92. The company is also starting Building 11, which is expected to add substantial capacity. Fabrinet anticipates Q2 revenue while starting Building 11
• Positive Sentiment: Barclays kept its “overweight” rating, while setting a lower—but still bullish—$496 price target. Barclays stock recommendations
• Neutral Sentiment: Fabrinet shares had surged following the earnings release, so some of the recent weakness may reflect profit-taking after the rally. Fabrinet advances on beat-and-raise results
• Negative Sentiment: Coverage has raised questions about margins, which may be tempering enthusiasm for the strong sales and outlook. Fabrinet stock jumps as Q1 earnings fuel margin questions
• Negative Sentiment: Barclays cut its price target from $739 to $496. Although it retained an “overweight” rating, the sizable reduction may weigh on sentiment. Barclays stock recommendations

About Fabrinet

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.