Rosenblatt Securities Reiterates Buy Rating for Fabrinet (NYSE:FN)

Fabrinet (NYSE:FN)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $550.00 price objective on the technology company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 30.87% from the company’s previous close.

Several other analysts have also weighed in on FN. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Needham & Company LLC increased their price objective on shares of Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Northland Securities set a $600.00 target price on Fabrinet in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. increased their price target on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $511.11.

Fabrinet Stock Down 6.3%

Shares of Fabrinet stock opened at $420.27 on Tuesday. The business has a 50-day moving average price of $473.29 and a 200 day moving average price of $407.22. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $531.22. The firm has a market cap of $15.06 billion, a P/E ratio of 40.26 and a beta of 1.04.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. The business had revenue of $1.13 billion during 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 business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 3,500 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the transaction, the director directly owned 18,316 shares of the company’s stock, valued at $8,310,885. This represents a 16.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of Fabrinet stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total value of $1,021,108.00. Following the sale, the director directly owned 18,789 shares in the company, valued at $8,720,726.46. The trade was a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 28,151 shares of company stock worth $12,643,707. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Fabrinet

Several hedge funds have recently modified their holdings of the company. Westend Capital Management LLC bought a new position in Fabrinet during the fourth quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in shares of Fabrinet in the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fabrinet in the 2nd quarter worth approximately $35,000. First Horizon Advisors Inc. lifted its stake in Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Fabrinet by 118.5% during the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after buying an additional 77 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet News Summary

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q2 results beat consensus: EPS $3.36 vs $3.26 and revenue $1.13B (up 35.9% YoY), the company described record revenue and raised multi-quarter guidance — fundamental beat that supports upside. Fabrinet Q2 Earnings Surpass Estimates
• Positive Sentiment: Multiple analyst actions supportive of higher valuation: Wolfe Research upgraded to Outperform with a $540 PT; Needham and Rosenblatt reaffirmed/maintained buy ratings with $540–$550 targets — shows sustained analyst conviction. Wolfe Research upgrade
• Positive Sentiment: Analysts flag long-term growth drivers: reports highlight capacity expansion and hyperscale/cloud demand as structural growth supports that underpin buy ratings. TipRanks: Capacity expansion thesis
• Neutral Sentiment: Earnings call materials and transcripts published — useful for digging into customer mix, AI-related commentary, margins and guidance details but do not by themselves change fundamentals. Earnings call presentation
• Neutral Sentiment: Pre-market headlines flagged volatility and notable trading volume (above average), indicating heavier-than-usual positioning changes rather than a clear directional catalyst. Pre-market movers
• Negative Sentiment: Critical analysis and a downgrade/concern piece highlighted three key risks (two related to AI demand dynamics and one on valuation), raising investor worry about concentration, lumpy AI order timing, and premium multiples — likely a major reason for the sell-off despite the beat. Seeking Alpha: 3 Key Concerns
• Negative Sentiment: Market reaction: several outlets reported shares tumbling despite the strong quarter and guidance, indicating that investors are trimming positions (profit-taking, rotation, or worry about near-term AI order timing). Investing.com: shares tumble

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.