Fabrinet (NYSE:FN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Fabrinet (NYSE:FN) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $541.25.

A number of research firms have issued reports on FN. 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 report on Tuesday, February 3rd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Northland Securities set a $600.00 price objective on Fabrinet in a research note on Monday, December 22nd. Rosenblatt Securities reissued a “buy” rating and set a $550.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th.

Fabrinet Stock Down 10.1%

NYSE:FN opened at $489.66 on Friday. The company has a market cap of $17.54 billion, a P/E ratio of 46.90 and a beta of 1.01. The firm’s 50 day moving average is $495.79 and its two-hundred day moving average is $438.28. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99.

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

Institutional Trading of Fabrinet

A number of institutional investors have recently added to or reduced their stakes in the business. Worthington Financial Partners LLC purchased a new position in Fabrinet in the fourth quarter valued at about $1,532,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Fabrinet by 1,665.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the technology company’s stock worth $185,000 after buying an additional 383 shares during the period. Pacer Advisors Inc. grew its stake in shares of Fabrinet by 6.2% in the fourth quarter. Pacer Advisors Inc. now owns 6,142 shares of the technology company’s stock valued at $2,796,000 after buying an additional 359 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Fabrinet during the 4th quarter valued at about $1,854,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Fabrinet by 103,077.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 22,699 shares of the technology company’s stock valued at $10,335,000 after buying an additional 22,677 shares during the period. 97.38% of the stock is owned by hedge funds and other institutional investors.

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.