Fabrinet (NYSE:FN) Rating Increased to Strong-Buy at Zacks Research

Fabrinet (NYSE:FN) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Northland Securities set a $600.00 price target on Fabrinet in a report on Monday, December 22nd. B. Riley Financial boosted their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays upped their price objective on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $511.11.

Fabrinet Price Performance

FN stock opened at $505.13 on Thursday. Fabrinet has a one year low of $148.55 and a one year high of $531.22. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 48.38 and a beta of 1.04. The company has a fifty day moving average price of $474.09 and a two-hundred day moving average price of $408.83.

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

Insider Activity at Fabrinet

In related news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction dated Thursday, December 4th. The shares were 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 owned 18,789 shares in the company, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director directly owned 18,316 shares in the company, valued at approximately $8,310,885. This represents a 16.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fabrinet

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Fabrinet by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 964 shares of the technology company’s stock worth $439,000 after purchasing an additional 240 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of Fabrinet during the 4th quarter valued at approximately $188,000. Ignite Planners LLC purchased a new stake in shares of Fabrinet during the 4th quarter valued at approximately $289,000. Global Retirement Partners LLC boosted its holdings in Fabrinet by 57.1% in the 4th quarter. Global Retirement Partners LLC now owns 955 shares of the technology company’s stock worth $435,000 after buying an additional 347 shares during the period. Finally, Poehling Capital Management INC. purchased a new position in Fabrinet in the 4th quarter valued at approximately $401,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Zacks upgraded Fabrinet to a Zacks Rank #1 (Strong Buy), signaling stronger near‑term earnings optimism from that shop; this upgrade likely supported buying interest. Zacks Upgrade
• Positive Sentiment: A Zacks feature called Fabrinet an “incredible growth stock,” highlighting growth attributes that can drive outperformance — supportive narrative for longer‑term buyers. Zacks Growth Piece
• Positive Sentiment: Northland Securities materially raised near‑term and multi‑year EPS estimates (examples: Q3 2026 to ~$3.37, Q4 2026 to ~$3.58, FY2026 to ~$12.75 and FY2027 to ~$15.77), which lifts EPS visibility and supports a higher valuation multiple. Northland Estimate Revisions
• Positive Sentiment: Sell‑side support was reinforced by Needham and Rosenblatt reiterating Buy ratings, adding to conviction among institutional investors and traders. Needham Rosenblatt
• Neutral Sentiment: Recent company results earlier in the week beat revenue and EPS expectations and management gave bullish HPC (high‑performance computing)‑driven commentary — a fundamental positive — but the post‑report period saw volatile trading (including a selloff noted in press coverage), reflecting mixed short‑term reactions. Yahoo Coverage
• Negative Sentiment: Seeking Alpha published a piece outlining three key concerns (two related to AI exposure and one on valuation) and a rating downgrade, which may temper some investors’ enthusiasm and contribute to short‑term caution. Seeking Alpha Concerns

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.