Fabrinet (NYSE:FN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Fabrinet (NYSE:FN) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $337.3333.

Several research firms recently commented on FN. Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. B. Riley boosted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Barclays raised their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th.

Insider Activity at Fabrinet

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This represents a 33.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the company’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 completion of the sale, the chief operating officer owned 13,983 shares of the company’s stock, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fabrinet

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Fabrinet by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock worth $2,610,000 after purchasing an additional 1,368 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in Fabrinet by 40.8% in the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 1,582 shares in the last quarter. Private Trust Co. NA raised its holdings in Fabrinet by 44.3% in the first 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 in the last quarter. Canada Pension Plan Investment Board raised its holdings in Fabrinet by 76.1% in the first quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock valued at $13,707,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock valued at $10,181,000 after purchasing an additional 6,272 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Up 0.9%

FN stock opened at $441.82 on Monday. Fabrinet has a 12-month low of $148.55 and a 12-month high of $453.12. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 48.13 and a beta of 1.05. The business’s 50-day moving average is $377.08 and its 200 day moving average is $303.96.

Fabrinet (NYSE:FN) last released its 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. The business had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

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.