Fabrinet (NYSE:FN) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Fabrinet (NYSE:FN) in a report published on Tuesday,Benzinga reports. Needham & Company LLC currently has a $350.00 target price on the technology company’s stock.

Several other equities analysts have also weighed in on FN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Fabrinet in a research note on Tuesday. Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Barclays lifted 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. Finally, JPMorgan Chase & Co. lifted their price objective on Fabrinet from $235.00 to $318.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $307.83.

Fabrinet Trading Down 12.7%

Shares of NYSE:FN opened at $285.4670 on Tuesday. The stock’s 50-day moving average price is $299.54 and its two-hundred day moving average price is $241.42. Fabrinet has a 12-month low of $148.55 and a 12-month high of $356.55. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 31.10 and a beta of 1.02.

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

Insider Activity

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

Hedge Funds Weigh In On Fabrinet

Institutional investors have recently made changes to their positions in the business. Maseco LLP acquired a new position in shares of Fabrinet in the 2nd quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at approximately $30,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at approximately $30,000. Finally, Private Trust Co. NA increased 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 valued at $33,000 after acquiring an additional 51 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

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.