Fabrinet (NYSE:FN) Stock Rating Lowered by Zacks Research

Fabrinet (NYSE:FN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Northland Securities set a $600.00 price objective on Fabrinet in a research report on Monday, December 22nd. Rosenblatt Securities restated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research note on Wednesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Finally, Susquehanna upped their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Trading Up 1.0%

FN opened at $559.72 on Monday. Fabrinet has a 1-year low of $167.33 and a 1-year high of $632.99. The stock has a market capitalization of $20.05 billion, a price-to-earnings ratio of 53.61 and a beta of 1.04. The business has a 50 day moving average of $523.75 and a 200-day moving average of $468.79.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Core Wealth Advisors LLC acquired a new position in Fabrinet during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the fourth quarter valued at $29,000. Harbour Investments Inc. increased its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet in the fourth quarter valued at $32,000. Finally, Quarry LP increased its stake in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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.