Analysts Set Fabrinet (NYSE:FN) Price Target at $661.75

Shares of Fabrinet (NYSE:FN) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $661.75.

Several research analysts have recently issued reports on FN shares. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th.

Fabrinet Stock Performance

NYSE:FN opened at $681.52 on Friday. The stock has a 50-day simple moving average of $630.36 and a 200-day simple moving average of $533.16. The stock has a market cap of $24.42 billion, a P/E ratio of 58.55 and a beta of 1.22. Fabrinet has a 1 year low of $224.66 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts predict that Fabrinet will post 12.96 EPS for the current year.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Fabrinet

A number of large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in shares of Fabrinet by 1.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock valued at $609,000 after purchasing an additional 19 shares during the period. Balboa Wealth Partners boosted its position in shares of Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after purchasing an additional 21 shares during the period. Richardson Financial Services Inc. raised its stake in Fabrinet by 12.2% during the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after acquiring an additional 23 shares during the last quarter. REAP Financial Group LLC raised its stake in Fabrinet by 15.7% during the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after acquiring an additional 26 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. 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.