Fabrinet (NYSE:FN) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Fabrinet (NYSE:FN) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $360.00 price objective on the technology company’s stock.

A number of other brokerages have also issued reports on FN. JPMorgan Chase & Co. upped their price objective on shares of Fabrinet from $235.00 to $318.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $280.00 price target on shares of Fabrinet in a research note on Tuesday, May 6th. Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Wolfe Research started coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Three equities 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, Fabrinet currently has a consensus rating of “Hold” and a consensus target price of $307.83.

Fabrinet Stock Performance

NYSE:FN opened at $276.6630 on Tuesday. Fabrinet has a one year low of $148.55 and a one year high of $356.55. The stock has a market cap of $9.89 billion, a PE ratio of 30.14 and a beta of 1.02. The stock has a 50 day moving average price of $300.68 and a 200 day moving average price of $242.03.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total value of $4,482,000.00. Following the sale, the chief operating officer directly owned 18,068 shares of the company’s stock, valued at approximately $4,336,320. The trade was a 50.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Fabrinet

Institutional investors have recently added to or reduced their stakes in the stock. Maseco LLP acquired a new position in Fabrinet during the second quarter worth $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fabrinet in the second quarter valued at $35,000. First Horizon Advisors Inc. raised its holdings in shares of Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after buying an additional 77 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Fabrinet by 118.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Fabrinet during the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.