Fabrinet (NYSE:FN) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Fabrinet (NYSE:FN) had its target price hoisted by Rosenblatt Securities from $425.00 to $550.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 23.95% from the company’s previous close.

A number of other equities analysts have also commented on FN. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Barclays boosted their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. boosted their target price on Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. B. Riley lifted their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Finally, Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $389.83.

Fabrinet Price Performance

Shares of FN stock opened at $443.73 on Tuesday. The stock’s fifty day simple moving average is $379.71 and its 200 day simple moving average is $305.79. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 48.34 and a beta of 1.05. Fabrinet has a one year low of $148.55 and a one year high of $453.12.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.63 by $0.02. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.Fabrinet’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the sale, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This represents a 50.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,049 shares of company stock worth $9,360,401. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its position in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fabrinet by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock valued at $309,771,000 after purchasing an additional 5,114 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Fabrinet by 102.8% in the second quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock valued at $195,464,000 after purchasing an additional 336,173 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Fabrinet by 16.5% in the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock valued at $127,306,000 after purchasing an additional 91,519 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Fabrinet by 25.4% in the second quarter. TD Asset Management Inc now owns 599,337 shares of the technology company’s stock valued at $176,613,000 after purchasing an additional 121,233 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.