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

Fabrinet (NYSE:FN) has been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $541.25.

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research note on Monday, December 22nd. Barclays increased their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Susquehanna lifted their target price on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd.

Fabrinet Trading Up 2.8%

Shares of FN stock opened at $536.12 on Thursday. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 51.35 and a beta of 1.04. Fabrinet has a 1-year low of $148.55 and a 1-year high of $632.99. The stock’s fifty day simple moving average is $517.42 and its 200-day simple moving average is $462.78.

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, topping the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $2.61 EPS. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 EPS for the current year.

Institutional Trading of Fabrinet

A number of institutional investors have recently bought and sold shares of FN. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth about $203,000. Empowered Funds LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after buying an additional 3,717 shares in the last quarter. American Century Companies Inc. increased its holdings in Fabrinet by 8.9% in the second quarter. American Century Companies Inc. now owns 25,020 shares of the technology company’s stock worth $7,373,000 after buying an additional 2,040 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Fabrinet by 56.5% during the second quarter. Prudential Financial Inc. now owns 5,526 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 1,994 shares in the last quarter. Institutional investors and hedge funds 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.