Fabrinet (NYSE:FN) Announces Quarterly Earnings Results

Fabrinet (NYSE:FN) issued its quarterly earnings results on Monday. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14, FiscalAI reports. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. Fabrinet updated its Q4 2026 guidance to 3.720-3.870 EPS.

Fabrinet Stock Up 2.0%

Shares of Fabrinet stock traded up $13.84 during trading on Monday, hitting $720.37. The stock had a trading volume of 971,292 shares, compared to its average volume of 708,184. The stock has a 50 day simple moving average of $588.72 and a 200 day simple moving average of $504.95. The company has a market capitalization of $25.81 billion, a PE ratio of 69.00 and a beta of 1.22. Fabrinet has a 1 year low of $193.54 and a 1 year high of $734.79.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. downgraded shares of Fabrinet from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $530.00 to $700.00 in a report on Thursday, April 16th. Barclays boosted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Susquehanna boosted their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average target price of $587.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FN. Quarry LP increased its position in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new position in Fabrinet during the fourth quarter valued at approximately $37,000. Kemnay Advisory Services Inc. purchased a new position in Fabrinet during the fourth quarter valued at approximately $42,000. Strive Financial Group LLC purchased a new position in Fabrinet during the fourth quarter valued at approximately $49,000. Finally, Larson Financial Group LLC grew its position in Fabrinet by 25.8% during the third quarter. Larson Financial Group LLC now owns 161 shares of the technology company’s stock valued at $59,000 after purchasing an additional 33 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

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.