Fabrinet (NYSE:FN) Receives Average Rating of “Buy” from Brokerages

Shares of Fabrinet (NYSE:FN) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $541.25.

Several research firms have issued reports on FN. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Northland Securities set a $600.00 target price on Fabrinet in a research report on Monday, December 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Barclays increased their price target on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd.

Fabrinet Trading Up 2.8%

NYSE:FN opened at $536.12 on Thursday. The company has a 50-day moving average of $517.42 and a 200-day moving average of $462.78. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 51.35 and a beta of 1.04. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99.

Fabrinet (NYSE:FN) last released its 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 net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $2.61 EPS. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. boosted its stake in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in Fabrinet during the 4th quarter worth approximately $32,000. Finally, Quarry LP grew its position in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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.