Fabrinet (NYSE:FN) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Fabrinet (NYSE:FN) from an overweight rating to a neutral rating in a research note published on Thursday morning, Marketbeat reports. They currently have $700.00 price target on the technology company’s stock, up from their previous price target of $530.00.

Other equities analysts have also issued research reports about the company. 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 research note on Wednesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Weiss Ratings lowered Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. Susquehanna upped their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $562.50.

Fabrinet Stock Down 2.1%

Shares of FN opened at $671.48 on Thursday. Fabrinet has a 12-month low of $167.33 and a 12-month high of $708.20. The firm has a market capitalization of $24.06 billion, a PE ratio of 64.32 and a beta of 1.04. The stock’s fifty day simple moving average is $550.17 and its 200-day simple moving average is $481.46.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

Institutional Investors Weigh In On Fabrinet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FN. Ashton Thomas Private Wealth LLC bought a new stake in Fabrinet in the first quarter valued at about $203,000. Empowered Funds LLC bought a new stake in Fabrinet in the first quarter valued at about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after purchasing an additional 3,717 shares during the last quarter. M&T Bank Corp bought a new stake in Fabrinet in the second quarter valued at about $214,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after purchasing an additional 454 shares during 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.