Fabrinet (NYSE:FN) Cut to Hold at Zacks Research

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

A number of other research analysts have also commented on the company. Northland Securities set a $600.00 price target on Fabrinet in a research report on Monday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research report on Wednesday, February 4th. Finally, B. Riley Financial lifted their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Price Performance

FN opened at $609.99 on Monday. The business has a 50 day simple moving average of $525.93 and a two-hundred day simple moving average of $469.78. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 58.43 and a beta of 1.04. Fabrinet has a one year low of $167.33 and a one year high of $632.99.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. The business 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, sell-side analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balboa Wealth Partners increased its position in Fabrinet by 2.5% during the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after buying an additional 21 shares in the last quarter. Richardson Financial Services Inc. increased its position in Fabrinet by 12.2% during the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after buying an additional 23 shares in the last quarter. REAP Financial Group LLC increased its position in Fabrinet by 15.7% during the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after buying an additional 26 shares in the last quarter. Harbour Investments Inc. increased its position in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Finally, Allworth Financial LP increased its position in Fabrinet by 7.4% during the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock valued at $184,000 after buying an additional 28 shares in the last quarter. 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.