Fabrinet (NYSE:FN) Given New $220.00 Price Target at B. Riley

Fabrinet (NYSE:FN) had its price objective raised by B. Riley from $184.00 to $220.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other research firms have also recently issued reports on FN. Wolfe Research started coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price target on shares of Fabrinet in a research note on Tuesday. Barclays raised their price objective on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Fabrinet from $235.00 to $318.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 target price on shares of Fabrinet in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fabrinet presently has a consensus rating of “Hold” and an average price target of $307.83.

Fabrinet Stock Performance

Fabrinet stock opened at $285.4670 on Tuesday. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 31.10 and a beta of 1.02. Fabrinet has a 52-week low of $148.55 and a 52-week high of $356.55. The stock’s 50 day moving average price is $299.54 and its two-hundred day moving average price is $241.42.

Fabrinet (NYSE:FN) last released its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 18.06%. Fabrinet’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Insider Transactions at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total value of $4,482,000.00. Following the completion of the sale, the chief operating officer owned 18,068 shares in the company, valued at $4,336,320. This represents a 50.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fabrinet

Large investors have recently made changes to their positions in the business. Maseco LLP bought a new position in Fabrinet during the second quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new position in shares of Fabrinet during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth approximately $30,000. Berbice Capital Management LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth approximately $30,000. Finally, Private Trust Co. NA raised its holdings in shares of Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.