Fabrinet (NYSE:FN) Earns “Buy” Rating from Needham & Company LLC

Fabrinet (NYSE:FN)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports. They currently have a $500.00 target price on the technology company’s stock. Needham & Company LLC‘s price objective would indicate a potential upside of 59.31% from the company’s previous close.

A number of other analysts also recently issued reports on FN. B. Riley Financial lowered their price objective on shares of Fabrinet from $431.00 to $385.00 and set a “neutral” rating on the stock in a report on Friday. Susquehanna dropped their price objective on Fabrinet from $850.00 to $600.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Fox Advisors raised Fabrinet from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and an average price target of $607.38.

Fabrinet Price Performance

Shares of NYSE:FN opened at $313.86 on Tuesday. Fabrinet has a fifty-two week low of $305.63 and a fifty-two week high of $748.89. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 24.05 and a beta of 1.23. The firm’s 50 day simple moving average is $402.07 and its 200 day simple moving average is $521.45.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The business’s revenue was up 50.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 earnings per share. Equities research analysts expect that Fabrinet will post 17.50 earnings per share for the current year.

Insider Transactions at Fabrinet

In related news, EVP Edward Archer sold 2,500 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. This represents a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Fabrinet

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in shares of Fabrinet by 36.4% in the 3rd quarter. Alps Advisors Inc. now owns 1,925 shares of the technology company’s stock valued at $817,000 after purchasing an additional 514 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of Fabrinet by 64.9% in the 3rd quarter. CenterBook Partners LP now owns 31,691 shares of the technology company’s stock valued at $13,446,000 after purchasing an additional 12,471 shares during the period. Heritage Family Offices LLP bought a new stake in shares of Fabrinet during the 3rd quarter valued at about $51,000. Calamos Advisors LLC grew its stake in Fabrinet by 1,469.7% during the third quarter. Calamos Advisors LLC now owns 51,800 shares of the technology company’s stock worth $21,977,000 after purchasing an additional 48,500 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in Fabrinet by 23.0% in the third quarter. Kestra Advisory Services LLC now owns 3,315 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 619 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet News Summary

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fiscal Q1 revenue of $1.47 billion, up 50.7% year over year and above both its guidance range and analysts’ expectations of approximately $1.41 billion. Fabrinet Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Adjusted earnings came in at $4.34 per share, exceeding consensus estimates near $4.19-$4.20 and rising from $2.92 a year earlier. The revenue and earnings “double beat” supported the initial upward reaction in the shares. Fabrinet Stock Jumps on Q1 Earnings Double Beat, Strong Guidance
• Positive Sentiment: Management forecast fiscal Q2 revenue of $1.60 billion to $1.65 billion, implying continued strong demand, while beginning construction of Building 11, which is expected to add roughly $3 billion of capacity. Fabrinet anticipates Q2 revenue of $1.6B-$1.65B while starting Building 11
• Neutral Sentiment: The rapid growth is being driven by Fabrinet’s optical manufacturing business, particularly demand tied to advanced optical products and data-center infrastructure.
• Negative Sentiment: Investors are also monitoring the cost of expansion and a new global minimum tax, which limited GAAP earnings growth relative to the 51% revenue increase and may pressure cash flow and margins. Fabrinet’s 51% Growth Comes at a Cash Cost
• Negative Sentiment: The stock recently touched a new 52-week low near $314, highlighting elevated volatility and continued sensitivity to valuation, execution and broader technology-sector sentiment. Fabrinet Drops to $314, a New 52-Week Low

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of outsourced manufacturing services for complex optical, electronic and electromechanical products. The company works with original equipment manufacturers and other technology companies to design, manufacture, assemble, test and distribute products used in optical communications, industrial lasers, automotive applications, medical devices and other advanced technology markets.

Its capabilities include precision optical packaging, optical and electronic assembly, printed circuit board assembly, electromechanical manufacturing, engineering support, supply-chain management and testing.