Fabrinet (NYSE:FN) Given New $530.00 Price Target at JPMorgan Chase & Co.

Fabrinet (NYSE:FN) had its price objective upped by JPMorgan Chase & Co. from $430.00 to $530.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

FN has been the topic of a number of other reports. B. Riley lifted their target price on Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Rosenblatt Securities lifted their target price on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC lifted their target price on Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $427.00.

Fabrinet Stock Performance

Fabrinet stock opened at $457.46 on Tuesday. The business’s 50-day simple moving average is $382.25 and its 200-day simple moving average is $307.72. The firm has a market capitalization of $16.39 billion, a PE ratio of 47.11 and a beta of 1.05. Fabrinet has a 52 week low of $148.55 and a 52 week high of $498.00.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, November 3rd. The technology company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.09. The business had revenue of $978.13 million for the quarter, compared to analyst estimates of $935.04 million. Fabrinet had a return on equity of 18.52% and a net margin of 9.77%.The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.39 earnings per share. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Research analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the sale, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fabrinet

A number of institutional investors have recently added to or reduced their stakes in FN. Cetera Investment Advisers raised its stake in shares of Fabrinet by 11.6% in the first quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock valued at $2,610,000 after acquiring an additional 1,368 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in Fabrinet by 40.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 1,582 shares during the last quarter. Private Trust Co. NA raised its position in Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Fabrinet by 76.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock worth $13,707,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock worth $10,181,000 after purchasing an additional 6,272 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

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.