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

Fabrinet (NYSE:FN)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $650.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 8.60% from the stock’s current price.

A number of other research analysts have also recently commented on FN. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. decreased their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Finally, Rosenblatt Securities restated a “buy” rating and set a $750.00 target price on shares of Fabrinet in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $647.62.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $598.50 on Tuesday. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89. The firm has a market capitalization of $21.44 billion, a PE ratio of 51.42 and a beta of 1.23. The company’s fifty day moving average price is $526.47 and its two-hundred day moving average price is $569.40.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $2.65 EPS. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. Analysts predict that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Fabrinet

Large investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Fabrinet in the first quarter valued at approximately $31,000. Harbour Investments Inc. boosted its holdings in shares of 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 acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Fabrinet in the 4th quarter worth approximately $32,000. Finally, Quarry LP grew its position in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after acquiring an additional 54 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

More Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Record quarter and full-year growth: Fabrinet reported fourth-quarter revenue of $1.316 billion, up 45% year over year and above its guidance range. Fiscal 2026 revenue rose 36% to $4.64 billion, while GAAP diluted EPS increased to $3.83 from $2.42. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: AI and data-center demand remains powerful: Data-center revenue surged 68% in the quarter, and CEO Seamus Grady said he sees “no end in sight” to demand. The sustained expansion of AI infrastructure is supporting Fabrinet’s optical packaging and manufacturing businesses. Fabrinet CEO Sees No End in Sight to Data Center Demand
• Positive Sentiment: Non-GAAP earnings exceeded expectations: Adjusted EPS was $4.10 versus the roughly $3.81–$3.85 consensus range, and revenue also topped estimates of approximately $1.28 billion. Fabrinet Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Above-consensus outlook and analyst support: Fabrinet expects fiscal Q1 revenue of $1.375 billion to $1.425 billion and non-GAAP EPS of $4.10 to $4.25, both above consensus. Needham maintained a Buy rating and a $650 price target, citing strong demand and new capacity. Analyst Maintains Buy on Fabrinet
• Negative Sentiment: GAAP guidance created near-term caution: Fiscal Q1 GAAP EPS guidance of $3.39 to $3.54 is below the adjusted range because it includes approximately $0.40 per share of Pillar Two tax expense. The discrepancy prompted some investors to question near-term reported profitability despite the strong operating outlook. Why Fabrinet Is Trending

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.