Fabrinet (NYSE:FN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Fabrinet (NYSE:FN) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $541.25.

A number of research analysts have issued reports on FN shares. Barclays upped their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. B. Riley Financial upped their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $550.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd.

Hedge Funds Weigh In On Fabrinet

Several institutional investors have recently added to or reduced their stakes in FN. Balboa Wealth Partners boosted its stake in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after buying an additional 21 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of 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 acquiring an additional 23 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of 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 acquiring an additional 26 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Fabrinet by 7.4% in the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Stock Performance

Fabrinet stock opened at $489.66 on Friday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 46.90 and a beta of 1.01. The stock has a fifty day moving average of $495.79 and a two-hundred day moving average of $438.28.

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

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.