Fabrinet (NYSE:FN) Upgraded at Zacks Research

Fabrinet (NYSE:FN) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on FN. Barclays boosted their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a report on Tuesday. Finally, B. Riley Financial lifted their price objective on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Fabrinet currently has a consensus rating of “Buy” and a consensus price target of $511.11.

Fabrinet Stock Performance

Shares of FN opened at $505.13 on Thursday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $531.22. The stock’s 50-day simple moving average is $474.09 and its 200 day simple moving average is $408.83. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 48.38 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the sale, the chief executive officer owned 23,573 shares in the company, valued at approximately $10,535,952.35. This trade represents a 48.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the transaction, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. This trade represents a 16.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently modified their holdings of FN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at about $203,000. Empowered Funds LLC bought a new position in Fabrinet during the first quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after acquiring an additional 3,717 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Fabrinet by 18.4% during the second quarter. KLP Kapitalforvaltning AS now owns 9,000 shares of the technology company’s stock worth $2,652,000 after acquiring an additional 1,400 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Fabrinet by 9.5% in the 2nd quarter. US Bancorp DE now owns 7,824 shares of the technology company’s stock worth $2,306,000 after acquiring an additional 679 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Zacks upgraded Fabrinet to a Zacks Rank #1 (Strong Buy), signaling stronger near‑term earnings optimism from that shop; this upgrade likely supported buying interest. Zacks Upgrade
• Positive Sentiment: A Zacks feature called Fabrinet an “incredible growth stock,” highlighting growth attributes that can drive outperformance — supportive narrative for longer‑term buyers. Zacks Growth Piece
• Positive Sentiment: Northland Securities materially raised near‑term and multi‑year EPS estimates (examples: Q3 2026 to ~$3.37, Q4 2026 to ~$3.58, FY2026 to ~$12.75 and FY2027 to ~$15.77), which lifts EPS visibility and supports a higher valuation multiple. Northland Estimate Revisions
• Positive Sentiment: Sell‑side support was reinforced by Needham and Rosenblatt reiterating Buy ratings, adding to conviction among institutional investors and traders. Needham Rosenblatt
• Neutral Sentiment: Recent company results earlier in the week beat revenue and EPS expectations and management gave bullish HPC (high‑performance computing)‑driven commentary — a fundamental positive — but the post‑report period saw volatile trading (including a selloff noted in press coverage), reflecting mixed short‑term reactions. Yahoo Coverage
• Negative Sentiment: Seeking Alpha published a piece outlining three key concerns (two related to AI exposure and one on valuation) and a rating downgrade, which may temper some investors’ enthusiasm and contribute to short‑term caution. Seeking Alpha Concerns

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.