Fabrinet (NYSE:FN) Stock Rating Upgraded by Wolfe Research

Fabrinet (NYSE:FN) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $540.00 target price on the technology company’s stock. Wolfe Research’s price target would suggest a potential upside of 21.69% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. B. Riley upped their price target on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Susquehanna upped their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average target price of $511.11.

Fabrinet Trading Up 4.9%

NYSE FN opened at $443.75 on Wednesday. The firm has a market cap of $15.90 billion, a PE ratio of 42.51 and a beta of 1.04. Fabrinet has a 1-year low of $148.55 and a 1-year high of $531.22. The stock has a 50-day moving average of $473.18 and a 200-day moving average of $407.47.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $2.61 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Transactions at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 22,451 shares of the business’s stock in a transaction 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 approximately $10,535,952.35. The trade was a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,151 shares of company stock valued at $12,643,707 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fabrinet

A number of hedge funds have recently bought and sold shares of FN. Wasatch Advisors LP raised its holdings in Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the last quarter. Norges Bank bought a new stake in shares of Fabrinet during the second quarter valued at approximately $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 worth $150,744,000 after acquiring an additional 417,959 shares during the last quarter. Alliancebernstein L.P. lifted its position in Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after acquiring an additional 346,113 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in Fabrinet during the 3rd quarter valued at $124,847,000. Institutional investors own 97.38% of the company’s stock.

About Fabrinet

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.