Analysts Set Fabrinet (NYSE:FN) PT at $511.11

Fabrinet (NYSE:FN) has been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $511.1111.

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. Susquehanna upped their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Finally, Northland Securities set a $600.00 price target on Fabrinet in a research note on Monday, December 22nd.

Fabrinet Price Performance

Shares of FN opened at $496.92 on Wednesday. Fabrinet has a 12 month low of $148.55 and a 12 month high of $531.22. The stock’s 50-day moving average is $476.17 and its two-hundred day moving average is $414.79. The stock has a market cap of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 18,789 shares in the company, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of Fabrinet stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the sale, the chief executive officer owned 23,573 shares of the company’s stock, valued at approximately $10,535,952.35. This trade represents a 48.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,151 shares of company stock valued at $12,643,707 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Institutional investors have recently modified their holdings of the stock. Core Wealth Advisors LLC bought a new stake in Fabrinet in the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. increased its holdings in shares of 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 during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter valued at approximately $32,000. Finally, Quarry LP raised its position in shares of Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

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.