Fabrinet’s (FN) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Fabrinet (NYSE:FN) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $540.00 target price on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Barclays raised their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday. Susquehanna increased their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday. Northland Securities set a $600.00 price objective on Fabrinet in a research note on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.50.

Fabrinet Stock Down 10.2%

FN opened at $448.70 on Tuesday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 42.98 and a beta of 1.04. Fabrinet has a 52 week low of $148.55 and a 52 week high of $531.22. The business’s 50 day moving average is $473.87 and its two-hundred day moving average is $407.13.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 19.16% and a net margin of 9.69%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Activity at Fabrinet

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was 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 approximately $8,720,726.46. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the sale, the director owned 18,316 shares in the company, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,151 shares of company stock worth $12,643,707 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in Fabrinet in the fourth quarter valued at $29,000. Root Financial Partners LLC purchased a new position in shares of Fabrinet in the 3rd quarter valued at about $34,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fabrinet in the second quarter valued at about $35,000. First Horizon Advisors Inc. lifted its stake in shares of Fabrinet by 124.2% in 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 period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Fabrinet by 118.5% during the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q2 results beat consensus: revenue rose ~35.9% Y/Y to ~$1.13B and GAAP EPS of $3.36 topped estimates, marking the company’s strongest growth in years — a fundamental driver for upside. Read More.
• Positive Sentiment: Management raised Q3 FY2026 guidance: EPS guidance of $3.45–$3.60 and revenue guidance around $1.2B both sit above Street expectations — supports durability of demand and capacity expansion narrative. Read More.
• Positive Sentiment: Analysts / buy ratings remain supportive: Susquehanna, Needham and Rosenblatt have reiterated buy/positive views and high price targets, reinforcing institutional conviction on hyperscale demand and capacity investments. Read More.
• Neutral Sentiment: Earnings call / slide deck available for detail: management commentary and the presentation provide deeper context on customer mix, FX and capex plans — useful for investors wanting to parse sustainability of margins. Read More. and Read More.
• Negative Sentiment: Shares fell sharply on the print despite beats — headlines cite a sell‑off as investors dig into cash flow and capital spend details, suggesting profit‑taking and short‑term positioning drove the decline. Read More.
• Negative Sentiment: Third‑party reports flagged liquidity and capex shifts: one data summary showed operating cash down materially, cash balances reduced and a sharp rise in capex (expansion spending), plus notable insider selling — factors that can pressure sentiment even with strong revenue. Read More.
• Negative Sentiment: Market reaction articles emphasize the disconnect between strong results and the stock move, implying expectations were already priced in and that investors are looking beyond headline beats to cash flow, margins and execution risk. Read More.

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.