Fabrinet (NYSE:FN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Fabrinet (NYSE:FN) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $541.25.

Several brokerages have weighed in on FN. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research note on Wednesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Barclays lifted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday.

Insider Buying and Selling

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares in the company, valued at $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 22,451 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the sale, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at $10,535,952.35. This represents a 48.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 28,151 shares of company stock worth $12,643,707. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balboa Wealth Partners lifted its stake in shares of Fabrinet by 2.5% in the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after buying an additional 21 shares during the last quarter. Richardson Financial Services Inc. lifted its position in Fabrinet by 12.2% during the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after acquiring an additional 23 shares during the last quarter. REAP Financial Group LLC boosted its holdings in Fabrinet by 15.7% during the fourth 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 period. Harbour Investments Inc. increased its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Fabrinet by 7.4% during the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Up 0.1%

FN stock opened at $496.09 on Wednesday. The company has a 50 day moving average of $476.27 and a two-hundred day moving average of $418.61. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 47.52 and a beta of 1.04. Fabrinet has a 12-month low of $148.55 and a 12-month high of $531.22.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.61 earnings per share. Fabrinet’s revenue for the quarter 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 anticipate that Fabrinet will post 9.4 EPS for the current 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.