Fabrinet (NYSE:FN) Price Target Raised to $550.00 at Rosenblatt Securities

Fabrinet (NYSE:FN) had its target price upped by Rosenblatt Securities from $425.00 to $550.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

FN has been the topic of several other research reports. B. Riley increased their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. upped their target price on shares of Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $350.00 target price on shares of Fabrinet 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. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $427.00.

Fabrinet Stock Up 3.3%

FN opened at $457.46 on Tuesday. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 47.11 and a beta of 1.05. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $498.00. The company’s 50-day moving average price is $382.25 and its 200 day moving average price is $307.72.

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

Insider Activity

In other news, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the transaction, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Seamus Grady sold 9,513 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 46,024 shares of the company’s stock, valued at $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,049 shares of company stock worth $9,360,401 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. lifted its position in shares of Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after purchasing an additional 29 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Fabrinet by 3.2% during the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock worth $294,000 after purchasing an additional 31 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Fabrinet by 1.0% during the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Fabrinet by 4.4% during the third quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock worth $285,000 after purchasing an additional 33 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Fabrinet by 10.9% during the second quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock worth $103,000 after purchasing an additional 34 shares in 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.