JPMorgan Chase & Co. Boosts Fabrinet (NYSE:FN) Price Target to $430.00

Fabrinet (NYSE:FN) had its target price hoisted by analysts at JPMorgan Chase & Co. from $345.00 to $430.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.84% from the company’s current price.

Several other analysts have also weighed in on FN. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. B. Riley increased their target price on Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $337.33.

Fabrinet Stock Performance

NYSE:FN opened at $410.16 on Thursday. The stock’s fifty day moving average is $354.88 and its 200 day moving average is $285.04. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $432.00. The firm has a market capitalization of $14.65 billion, a PE ratio of 44.68 and a beta of 1.05.

Fabrinet (NYSE:FN) last released its quarterly earnings results 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. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same quarter in the prior year, the firm posted $2.41 EPS. 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. Equities analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Insider Activity

In other news, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the transaction, the chief operating officer owned 13,983 shares in the company, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,049 shares of company stock worth $9,360,401. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Fabrinet

Several institutional investors have recently made changes to their positions in FN. Maseco LLP purchased a new position in shares of Fabrinet during the second quarter valued at $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet in the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at about $30,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at about $30,000. Finally, Private Trust Co. NA boosted 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 buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

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.