Fabrinet (NYSE:FN) Upgraded at Zacks Research

Zacks Research upgraded shares of Fabrinet (NYSE:FN) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on FN. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a report on Monday, December 29th. B. Riley Financial boosted their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays upped their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $511.11.

Fabrinet Stock Up 14.1%

Shares of FN stock opened at $505.13 on Thursday. The business has a 50 day moving average of $474.09 and a two-hundred day moving average of $409.58. Fabrinet has a 52 week low of $148.55 and a 52 week high of $531.22. The company has a market cap of $18.10 billion, a P/E ratio of 48.38 and a beta of 1.04.

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

Insider Activity

In related news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director owned 18,789 shares in the company, valued at $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the sale, the director directly owned 18,316 shares in the company, valued at approximately $8,310,885. The trade was a 16.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,151 shares of company stock worth $12,643,707 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Several institutional investors have recently modified their holdings of FN. Westend Capital Management LLC acquired a new position in Fabrinet during the fourth quarter worth about $29,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Fabrinet in the 4th quarter worth approximately $32,000. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC acquired a new stake in Fabrinet during the second quarter valued at approximately $35,000. Finally, First Horizon Advisors Inc. lifted its stake in Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet News Summary

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Zacks upgraded Fabrinet to a Zacks Rank #1 (Strong Buy), signaling stronger near‑term earnings optimism from that shop; this upgrade likely supported buying interest. Zacks Upgrade
• Positive Sentiment: A Zacks feature called Fabrinet an “incredible growth stock,” highlighting growth attributes that can drive outperformance — supportive narrative for longer‑term buyers. Zacks Growth Piece
• Positive Sentiment: Northland Securities materially raised near‑term and multi‑year EPS estimates (examples: Q3 2026 to ~$3.37, Q4 2026 to ~$3.58, FY2026 to ~$12.75 and FY2027 to ~$15.77), which lifts EPS visibility and supports a higher valuation multiple. Northland Estimate Revisions
• Positive Sentiment: Sell‑side support was reinforced by Needham and Rosenblatt reiterating Buy ratings, adding to conviction among institutional investors and traders. Needham Rosenblatt
• Neutral Sentiment: Recent company results earlier in the week beat revenue and EPS expectations and management gave bullish HPC (high‑performance computing)‑driven commentary — a fundamental positive — but the post‑report period saw volatile trading (including a selloff noted in press coverage), reflecting mixed short‑term reactions. Yahoo Coverage
• Negative Sentiment: Seeking Alpha published a piece outlining three key concerns (two related to AI exposure and one on valuation) and a rating downgrade, which may temper some investors’ enthusiasm and contribute to short‑term caution. Seeking Alpha Concerns

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.