Fabrinet (NYSE:FN) Given Consensus Rating of “Buy” by Brokerages

Shares of Fabrinet (NYSE:FN) have been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $511.1111.

A number of brokerages have commented on FN. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Barclays raised their price objective on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd.

Fabrinet Trading Up 7.5%

NYSE:FN opened at $496.92 on Wednesday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22. The company has a market cap of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04. The company’s 50 day moving average is $476.17 and its two-hundred day moving average is $416.12.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of Fabrinet stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the transaction, the director directly owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 28,151 shares of company stock valued at $12,643,707. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Fabrinet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet in the 4th quarter valued at $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet in the fourth quarter worth about $29,000. Harbour Investments Inc. boosted its stake in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP increased its stake in shares of Fabrinet by 300.0% in the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.