Fabrinet (NYSE:FN) Receives “Buy (B-)” Rating from Weiss Ratings

Fabrinet (NYSE:FN)‘s stock had its “buy (b-)” rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

FN has been the topic of a number of other reports. B. Riley boosted their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $318.00 to $345.00 in a report on Monday, August 25th. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $360.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Wolfe Research assumed coverage on shares of Fabrinet in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $350.00 price objective on shares of Fabrinet in a report on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.17.

Fabrinet Trading Up 3.7%

Shares of FN stock opened at $383.71 on Wednesday. The business’s fifty day simple moving average is $346.57 and its 200-day simple moving average is $276.32. The company has a market cap of $13.71 billion, a PE ratio of 41.80 and a beta of 1.05. Fabrinet has a 12-month low of $148.55 and a 12-month high of $397.26.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Insider Transactions at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the sale, the chief executive officer directly owned 46,024 shares of the company’s stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the sale, the chief operating officer directly owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FN. Wasatch Advisors LP raised its position in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares during the last quarter. Norges Bank acquired a new position in shares of Fabrinet during the 2nd quarter worth about $124,046,000. Invesco Ltd. raised its position in shares of Fabrinet by 446.6% during the 2nd quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock worth $150,744,000 after purchasing an additional 417,959 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Fabrinet by 102.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after purchasing an additional 336,173 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Fabrinet during the 1st quarter worth about $64,274,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

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.