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

Fabrinet (NYSE:FN)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued on Tuesday, Benzinga reports. They currently have a $500.00 price objective on the technology company’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 59.31% from the stock’s current price.

FN has been the topic of a number of other research reports. Weiss Ratings lowered Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Wall Street Zen downgraded Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Susquehanna lowered their target price on shares of Fabrinet from $850.00 to $600.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Finally, Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $607.38.

Fabrinet Trading Down 4.1%

Fabrinet stock opened at $313.86 on Tuesday. Fabrinet has a 1-year low of $305.63 and a 1-year high of $748.89. The firm’s fifty day simple moving average is $402.07 and its 200-day simple moving average is $521.45. The company has a market capitalization of $11.25 billion, a P/E ratio of 24.05 and a beta of 1.23.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $4.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. Fabrinet’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 earnings per share. On average, equities research analysts predict that Fabrinet will post 17.50 earnings per share for the current year.

Insider Transactions at Fabrinet

In related news, EVP Edward Archer sold 2,500 shares of Fabrinet stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the completion of the transaction, the executive vice president directly owned 7,007 shares of the company’s stock, valued at $2,704,071.37. This trade represents a 26.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FN. Paradigm Capital Management Inc. NY bought a new stake in Fabrinet during the 2nd quarter worth approximately $298,183,000. Janus Henderson Group PLC raised its position in Fabrinet by 15.9% in the 1st quarter. Janus Henderson Group PLC now owns 291,659 shares of the technology company’s stock valued at $152,071,000 after purchasing an additional 40,090 shares during the last quarter. Principal Financial Group Inc. raised its position in Fabrinet by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 216,049 shares of the technology company’s stock valued at $112,674,000 after purchasing an additional 28,166 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Fabrinet by 108.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock worth $88,350,000 after purchasing an additional 85,780 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Fabrinet by 11.5% in the second quarter. Wedge Capital Management L L P NC now owns 128,795 shares of the technology company’s stock worth $72,393,000 after purchasing an additional 13,245 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Trending Headlines about Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fiscal Q1 revenue of $1.47 billion, up 50.7% year over year and above both its guidance range and analysts’ expectations of approximately $1.41 billion. Fabrinet Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Adjusted earnings came in at $4.34 per share, exceeding consensus estimates near $4.19-$4.20 and rising from $2.92 a year earlier. The revenue and earnings “double beat” supported the initial upward reaction in the shares. Fabrinet Stock Jumps on Q1 Earnings Double Beat, Strong Guidance
• Positive Sentiment: Management forecast fiscal Q2 revenue of $1.60 billion to $1.65 billion, implying continued strong demand, while beginning construction of Building 11, which is expected to add roughly $3 billion of capacity. Fabrinet anticipates Q2 revenue of $1.6B-$1.65B while starting Building 11
• Neutral Sentiment: The rapid growth is being driven by Fabrinet’s optical manufacturing business, particularly demand tied to advanced optical products and data-center infrastructure.
• Negative Sentiment: Investors are also monitoring the cost of expansion and a new global minimum tax, which limited GAAP earnings growth relative to the 51% revenue increase and may pressure cash flow and margins. Fabrinet’s 51% Growth Comes at a Cash Cost
• Negative Sentiment: The stock recently touched a new 52-week low near $314, highlighting elevated volatility and continued sensitivity to valuation, execution and broader technology-sector sentiment. Fabrinet Drops to $314, a New 52-Week Low

About Fabrinet

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.