Fabrinet (FN) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FN shares.
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7 Wall Street analysts have issued 12-month target prices for Fabrinet's shares. Their FN share price targets range from $28.00 to $230.00. On average, they expect the company's stock price to reach $159.57 in the next year. This suggests that the stock has a possible downside of 1.7%.
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Fabrinet's stock was trading at $190.33 at the start of the year. Since then, FN shares have decreased by 14.7% and is now trading at $162.32.
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Fabrinet saw a decrease in short interest in March. As of March 15th, there was short interest totaling 1,370,000 shares, a decrease of 8.7% from the February 29th total of 1,500,000 shares. Based on an average trading volume of 433,500 shares, the short-interest ratio is presently 3.2 days. Approximately 3.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
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Fabrinet (NYSE:FN) released its quarterly earnings data on Monday, February, 5th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.05. The technology company earned $712.69 million during the quarter, compared to analysts' expectations of $699.76 million. Fabrinet had a trailing twelve-month return on equity of 17.27% and a net margin of 9.35%.

ETFs with the largest weight of Fabrinet (NYSE:FN) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Asian Growth Cubs ETF (CUBS), Invesco S&P SmallCap Momentum ETF (XSMO), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), AdvisorShares Let Bob AI Powered Momentum ETF (LETB) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

Fabrinet updated its third quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of 2.080-2.150 for the period, compared to the consensus EPS estimate of 2.110. The company issued revenue guidance of $705.0 million-$725.0 million, compared to the consensus revenue estimate of $718.4 million.

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include NVIDIA (NVDA), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), Onsemi (ON), Baidu (BIDU) and Block (SQ).

Fabrinet's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (2.93%), Congress Asset Management Co. MA (1.44%), Vaughan Nelson Investment Management L.P. (1.05%), Allspring Global Investments Holdings LLC (0.19%), Congress Wealth Management LLC DE (0.16%) and Sumitomo Mitsui Trust Holdings Inc. (0.10%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady and Thomas F Kelly.
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Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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