Fabrinet (NYSE:FN) Receives Average Recommendation of “Hold” from Analysts

Fabrinet (NYSE:FN) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $307.8333.

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $350.00 target price on shares of Fabrinet in a research note on Tuesday. Wolfe Research assumed coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Barclays boosted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Fabrinet in a research note on Tuesday. Finally, B. Riley upped their price objective on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday.

Fabrinet Stock Performance

Shares of FN stock opened at $285.4670 on Wednesday. The company 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 company has a 50-day simple moving average of $299.54 and a two-hundred day simple moving average of $241.42.

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

Insiders Place Their Bets

In other news, COO Harpal Gill sold 18,675 shares of Fabrinet stock in a transaction dated 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 transaction, the chief operating officer owned 18,068 shares in the company, valued at $4,336,320. This trade represents a 50.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. lifted its position in shares of Fabrinet by 3.2% during the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock worth $294,000 after acquiring an additional 31 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after purchasing an additional 31 shares during the period. IFP Advisors Inc lifted its holdings in Fabrinet by 10.9% during the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock worth $103,000 after purchasing an additional 34 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Fabrinet by 21.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 219 shares of the technology company’s stock worth $65,000 after purchasing an additional 39 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Fabrinet by 33.6% during the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock valued at $50,000 after buying an additional 43 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

About Fabrinet

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.