Brokerages Set Fabrinet (NYSE:FN) PT at $661.75

Fabrinet (NYSE:FN) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $661.75.

Several research firms recently weighed in on FN. Rosenblatt Securities lifted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Fabrinet from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the 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 in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Institutional Trading of Fabrinet

A number of large investors have recently bought and sold shares of the business. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth $29,000. Harbour Investments Inc. lifted its position in Fabrinet by 75.0% in 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Fabrinet in the 1st quarter worth $31,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in Fabrinet in the 4th quarter worth $32,000. 97.38% of the stock is owned by institutional investors.

Fabrinet Trading Up 3.6%

NYSE FN opened at $476.68 on Friday. The stock has a 50-day simple moving average of $598.02 and a 200 day simple moving average of $563.20. The company has a market capitalization of $17.08 billion, a PE ratio of 40.95 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion for 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 company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts predict that Fabrinet will post 12.97 earnings per share for the current fiscal year.

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.