Fabrinet (NYSE:FN) Cut to Hold at Wall Street Zen

Fabrinet (NYSE:FN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms also recently weighed in on FN. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Trading Down 0.4%

Shares of NYSE FN opened at $476.68 on Monday. The company has a market capitalization of $17.08 billion, a P/E ratio of 40.95 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The stock has a 50 day moving average of $598.02 and a 200-day moving average of $563.85.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts predict that Fabrinet will post 12.97 EPS for the current fiscal year.

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FN. Ashton Thomas Private Wealth LLC bought a new position in shares of Fabrinet during the first quarter valued at $203,000. Empowered Funds LLC bought a new stake in shares of Fabrinet in the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Fabrinet by 4.9% in the first 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 purchasing an additional 3,717 shares during the period. M&T Bank Corp acquired a new stake in Fabrinet in the second quarter valued at $214,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after purchasing an additional 454 shares during the period. Institutional investors own 97.38% of the company’s stock.

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.