Fabrinet (NYSE:FN) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Fabrinet (NYSE:FN) in a report released on Tuesday morning,Benzinga reports. They currently have a $550.00 price objective on the technology company’s stock.

Several other analysts have also commented on the stock. Needham & Company LLC raised their price target on shares of Fabrinet from $440.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Barclays increased their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research note on Monday, December 29th. Northland Securities set a $600.00 price target on Fabrinet in a report on Monday, December 22nd. Finally, Susquehanna raised their price objective on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.50.

Fabrinet Trading Down 10.2%

Shares of FN stock opened at $448.70 on Tuesday. The stock has a 50 day moving average of $473.87 and a 200 day moving average of $407.13. The stock has a market cap of $16.08 billion, a P/E ratio of 42.98 and a beta of 1.04. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 19.16% and a net margin of 9.69%.The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Seamus Grady sold 22,451 shares of Fabrinet stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total value of $10,034,474.45. Following the sale, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at $10,535,952.35. The trade was a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total value of $1,021,108.00. Following the sale, the director owned 18,789 shares of the company’s stock, valued at $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,151 shares of company stock worth $12,643,707. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the last quarter. Norges Bank acquired a new stake in Fabrinet in the 2nd quarter valued at about $124,046,000. Invesco Ltd. raised its holdings in Fabrinet by 446.6% in the 2nd quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after acquiring an additional 417,959 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Fabrinet by 226.1% during the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after purchasing an additional 346,113 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Fabrinet in the third quarter valued at approximately $124,847,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet News Roundup

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q2 results beat consensus: revenue rose ~35.9% Y/Y to ~$1.13B and GAAP EPS of $3.36 topped estimates, marking the company’s strongest growth in years — a fundamental driver for upside. Read More.
• Positive Sentiment: Management raised Q3 FY2026 guidance: EPS guidance of $3.45–$3.60 and revenue guidance around $1.2B both sit above Street expectations — supports durability of demand and capacity expansion narrative. Read More.
• Positive Sentiment: Analysts / buy ratings remain supportive: Susquehanna, Needham and Rosenblatt have reiterated buy/positive views and high price targets, reinforcing institutional conviction on hyperscale demand and capacity investments. Read More.
• Neutral Sentiment: Earnings call / slide deck available for detail: management commentary and the presentation provide deeper context on customer mix, FX and capex plans — useful for investors wanting to parse sustainability of margins. Read More. and Read More.
• Negative Sentiment: Shares fell sharply on the print despite beats — headlines cite a sell‑off as investors dig into cash flow and capital spend details, suggesting profit‑taking and short‑term positioning drove the decline. Read More.
• Negative Sentiment: Third‑party reports flagged liquidity and capex shifts: one data summary showed operating cash down materially, cash balances reduced and a sharp rise in capex (expansion spending), plus notable insider selling — factors that can pressure sentiment even with strong revenue. Read More.
• Negative Sentiment: Market reaction articles emphasize the disconnect between strong results and the stock move, implying expectations were already priced in and that investors are looking beyond headline beats to cash flow, margins and execution risk. Read More.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.