Fabrinet’s (FN) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Fabrinet (NYSE:FN) in a research report sent to investors on Tuesday,Benzinga reports. Needham & Company LLC currently has a $650.00 price target on the technology company’s stock.

FN has been the topic of a number of other reports. Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Wall Street Zen cut Fabrinet from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $750.00 price objective on shares of Fabrinet in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $649.50.

Fabrinet Trading Down 2.2%

FN stock opened at $444.54 on Tuesday. The firm has a 50 day moving average of $519.11 and a 200-day moving average of $568.63. Fabrinet has a 12-month low of $272.49 and a 12-month high of $748.89. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 34.06 and a beta of 1.23.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.81 by $0.29. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.65 EPS. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Sell-side analysts forecast that Fabrinet will post 16.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fabrinet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management increased its position in Fabrinet by 45.1% during the second quarter. Triumph Capital Management now owns 2,162 shares of the technology company’s stock worth $1,215,000 after buying an additional 672 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of Fabrinet in the second quarter worth $404,000. NS Partners Ltd purchased a new stake in shares of Fabrinet in the second quarter valued at $1,608,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Fabrinet in the second quarter valued at $240,000. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Fabrinet in the second quarter valued at $1,865,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Company Profile

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.