Fabrinet (NYSE:FN) Given Average Rating of “Moderate Buy” by Brokerages

Fabrinet (NYSE:FN) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $541.25.

A number of equities research analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday. Northland Securities set a $600.00 price target on shares of Fabrinet in a report on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, B. Riley Financial increased their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of Fabrinet during the fourth quarter worth about $229,000. Rockefeller Capital Management L.P. grew its holdings in shares of Fabrinet by 147.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 376 shares of the technology company’s stock worth $171,000 after purchasing an additional 224 shares in the last quarter. World Investment Advisors grew its holdings in shares of Fabrinet by 10.4% during the fourth quarter. World Investment Advisors now owns 1,604 shares of the technology company’s stock worth $730,000 after purchasing an additional 151 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Fabrinet by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,947 shares of the technology company’s stock worth $886,000 after purchasing an additional 80 shares in the last quarter. Finally, Worthington Financial Partners LLC purchased a new position in shares of Fabrinet during the fourth quarter worth about $1,532,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Up 9.4%

Shares of Fabrinet stock opened at $609.99 on Thursday. Fabrinet has a 12-month low of $167.33 and a 12-month high of $632.99. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 58.43 and a beta of 1.04. The company’s 50-day moving average price is $525.93 and its 200-day moving average price is $469.78.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) 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 firm 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 firm posted $2.61 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 earnings per share 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.