Brokerages Set Fabrinet (NYSE:FN) PT at $661.75

Fabrinet (NYSE:FN) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $661.75.

Several equities research analysts have commented on the stock. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on Fabrinet in a research note on Monday, April 20th. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised Fabrinet from a “hold” rating to a “buy” rating in a report on Sunday.

Insider Transactions at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

A number of hedge funds have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in Fabrinet in the fourth quarter valued at $25,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth about $31,000. Westend Capital Management LLC purchased a new stake in shares of Fabrinet during the 4th quarter worth about $29,000. Harbour Investments Inc. boosted its stake in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet during the 4th quarter valued at about $32,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Up 1.6%

Shares of NYSE FN opened at $482.07 on Friday. The company has a 50 day simple moving average of $607.99 and a two-hundred day simple moving average of $563.93. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 41.41 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $2.52 earnings per share. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts forecast that Fabrinet will post 12.96 EPS for the current year.

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.