Fabrinet’s (FN) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Fabrinet (NYSE:FN) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $750.00 price objective on the technology company’s stock.

A number of other equities research analysts have also issued reports on the stock. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Barclays boosted their price target on shares of Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $649.50.

Fabrinet Price Performance

NYSE FN opened at $444.54 on Tuesday. The stock’s 50 day simple moving average is $519.11 and its 200-day simple moving average is $568.63. The company has a market cap of $15.93 billion, a PE ratio of 34.06 and a beta of 1.23. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the business earned $2.65 earnings per share. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. On average, equities research analysts anticipate that Fabrinet will post 16.46 EPS for the current fiscal year.

Institutional Trading of Fabrinet

A number of hedge funds and other institutional investors have recently modified their holdings of FN. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet during the 4th quarter valued at about $25,000. Harbour Investments Inc. increased its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Fabrinet during the first quarter worth about $31,000. Creative Financial Designs Inc. ADV purchased a new position in Fabrinet during the fourth quarter worth about $32,000. Finally, Quarry LP raised its stake in Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Company Profile

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.