Fabrinet (NYSE:FN) Receives Consensus Rating of “Buy” from Analysts

Fabrinet (NYSE:FN) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $511.1111.

A number of brokerages recently issued reports on FN. B. Riley Financial boosted their price objective on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target 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. Finally, Barclays increased their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd.

Fabrinet Stock Down 7.4%

FN opened at $464.86 on Wednesday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22. The firm has a 50 day moving average price of $475.63 and a 200-day moving average price of $412.83. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 44.53 and a beta of 1.04.

Fabrinet (NYSE:FN) last issued 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, analysts expect that Fabrinet will post 9.4 earnings per share for the current year.

Insider Activity at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the 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 directly owned 18,789 shares in the company, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Seamus Grady sold 22,451 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the transaction, the chief executive officer directly owned 23,573 shares in the company, valued at $10,535,952.35. This trade represents a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,151 shares of company stock worth $12,643,707. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Several large investors have recently added to or reduced their stakes in FN. Wasatch Advisors LP increased its stake in shares of Fabrinet by 45.1% during 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 period. Norges Bank bought a new position in Fabrinet in the fourth quarter worth approximately $193,766,000. Invesco Ltd. boosted its position in Fabrinet by 446.6% during 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 in the last quarter. Alliancebernstein L.P. raised its position in shares of Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after acquiring an additional 346,113 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Fabrinet during the 3rd quarter worth $124,847,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

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.