Fabrinet (NYSE:FN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Fabrinet (NYSE:FN) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $661.75.

A number of research firms have weighed in on FN. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Barclays lifted their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th.

Insider Activity

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

Institutional Trading of Fabrinet

Several hedge funds have recently made changes to their positions in FN. Divisadero Street Capital Management LP boosted its holdings in Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after purchasing an additional 20,556 shares during the period. Swedbank AB purchased a new stake in Fabrinet during the 4th quarter worth about $5,372,000. M&T Bank Corp raised its position in Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares in the last quarter. JSF Financial LLC purchased a new position in shares of Fabrinet in the 4th quarter valued at about $957,000. Finally, HighVista Strategies LLC purchased a new position in shares of Fabrinet in the 3rd quarter valued at about $1,860,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Performance

Shares of NYSE FN traded down $11.30 during mid-day trading on Friday, reaching $471.48. The company’s stock had a trading volume of 616,821 shares, compared to its average volume of 1,065,184. The stock has a 50-day moving average of $615.70 and a two-hundred day moving average of $563.47. The stock has a market capitalization of $16.89 billion, a P/E ratio of 40.50 and a beta of 1.20. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

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

About Fabrinet

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.