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

Fabrinet (NYSE:FN)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They currently have a $800.00 price objective on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 11.05% from the stock’s current price.

FN has been the topic of a number of other research reports. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Barclays reissued an “overweight” rating and issued a $702.00 price objective on shares of Fabrinet in a report on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $664.25.

Fabrinet Stock Up 2.0%

Shares of NYSE FN opened at $720.37 on Tuesday. The firm’s 50-day moving average price is $588.72 and its 200-day moving average price is $504.95. The company has a market cap of $25.81 billion, a PE ratio of 69.00 and a beta of 1.22. Fabrinet has a 52-week low of $193.54 and a 52-week high of $734.79.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion for 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%. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts anticipate that Fabrinet will post 12.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Fabrinet

Several hedge funds have recently modified their holdings of the stock. Cornerstone Advisory LLC purchased a new position in shares of Fabrinet in the first quarter worth $229,000. Calamos Advisors LLC purchased a new position in shares of Fabrinet in the first quarter worth $3,913,000. Legacy Capital Group California Inc. purchased a new position in shares of Fabrinet in the first quarter worth $375,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Fabrinet by 32.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,309 shares of the technology company’s stock worth $683,000 after buying an additional 319 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Fabrinet in the first quarter worth $196,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

More Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q3 results beat street expectations — Fabrinet reported non?GAAP EPS of $3.72 (vs. ~$3.58 consensus) and roughly $1.21B in revenue, marking strong year?over?year growth and record quarterly results. This supports the company’s profitability trend. Read More.
• Neutral Sentiment: Management issued Q4 FY2026 guidance that was essentially in?line with expectations — EPS guidance of $3.72–$3.87 and revenue guidance roughly in the $1.25–$1.30B range left limited upside vs. consensus, so the print removed surprise upside but didn’t signal clear deterioration. Read More.
• Neutral Sentiment: Management commentary highlighted ongoing program ramps and potential new datacom agreements — positive for medium?term demand but not definitive enough to change near?term consensus. Read More.
• Negative Sentiment: Despite the beat, shares fell after the print — investors reacted to guidance with limited upside, prompting a sell?the?news move and possible profit?taking after a strong run. Read More.
• Negative Sentiment: Operational cash flow and balance sheet highlights raised caution — third?party reports flagged a sharp drop in operating cash flow and a large jump in capex versus prior year, which may worry some investors about near?term free cash flow and working capital. Read More.
• Negative Sentiment: Insider selling and the possibility of multiple compression were noted by market observers as additional reasons for the stock’s decline — heavy insider sales in recent months and historically rich valuation left shares vulnerable to a re?rating. 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.