Fabrinet (NYSE:FN) Receives $661.75 Average PT from Brokerages

Shares of Fabrinet (NYSE:FN) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $661.75.

Several equities analysts have recently weighed in on FN shares. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Rosenblatt Securities raised their price target on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Barclays raised their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Several large investors have recently bought and sold shares of the business. Glenmede Trust Co. NA increased its holdings in Fabrinet by 1.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock worth $609,000 after buying an additional 19 shares in the last quarter. Balboa Wealth Partners increased its holdings 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 in the last quarter. Richardson Financial Services Inc. increased its holdings in Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after buying an additional 23 shares in the last quarter. REAP Financial Group LLC increased its holdings in Fabrinet by 15.7% in the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock worth $87,000 after buying an additional 26 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Price Performance

Shares of NYSE:FN opened at $617.84 on Tuesday. Fabrinet has a 1-year low of $262.20 and a 1-year high of $748.89. The business has a fifty day moving average price of $660.88 and a 200-day moving average price of $559.64. The company has a market capitalization of $22.14 billion, a PE ratio of 53.08 and a beta of 1.18.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $2.52 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts anticipate that Fabrinet will post 12.96 earnings per share 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.