Fabrinet (NYSE:FN) Upgraded at Fox Advisors

Fox Advisors upgraded shares of Fabrinet (NYSE:FN) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday, Marketbeat reports.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 price target on shares of Fabrinet in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Fabrinet from $680.00 to $695.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays boosted their price objective on Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $649.50.

Fabrinet Stock Down 2.0%

Shares of FN opened at $436.16 on Wednesday. The business’s fifty day moving average is $515.66 and its 200 day moving average is $567.70. Fabrinet has a 12-month low of $275.22 and a 12-month high of $748.89. The stock has a market cap of $15.63 billion, a P/E ratio of 33.42 and a beta of 1.23.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $2.65 EPS. Fabrinet’s quarterly revenue 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, analysts expect that Fabrinet will post 16.46 EPS for the current year.

Institutional Trading of Fabrinet

Several institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in shares of Fabrinet during the fourth quarter valued at about $25,000. Continuum Advisory LLC bought a new stake in Fabrinet in the 2nd quarter worth about $25,000. Harbour Investments Inc. grew its position 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 purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Fabrinet in the 1st quarter worth about $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet in the 4th quarter valued at about $32,000. Institutional investors own 97.38% of the company’s stock.

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.