Fabrinet (FN) Stock Price, News & Analysis

7 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" FN shares.
View FN analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 12 month price objectives for Fabrinet's stock. Their FN share price targets range from $28.00 to $230.00. On average, they anticipate the company's share price to reach $159.57 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for FN or view top-rated stocks among Wall Street analysts.

Fabrinet's stock was trading at $190.33 on January 1st, 2024. Since then, FN stock has decreased by 15.8% and is now trading at $160.27.
View the best growth stocks for 2024 here.

Fabrinet saw a drop in short interest in March. As of March 15th, there was short interest totaling 1,370,000 shares, a drop of 8.7% from the February 29th total of 1,500,000 shares. Based on an average daily volume of 433,500 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.8% of the company's shares are short sold.
View Fabrinet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our FN earnings forecast.

Fabrinet (NYSE:FN) released its earnings results on Monday, February, 5th. The technology company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.05. The technology company earned $712.69 million during the quarter, compared to the consensus estimate 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 issued an update on its third quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of 2.080-2.150 for the period, compared to the consensus earnings per share 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 shareholders 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.