Fabrinet (NYSE:FN) Price Target Raised to $425.00

Fabrinet (NYSE:FN) had its target price lifted by Rosenblatt Securities from $360.00 to $425.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. raised Fabrinet from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $318.00 to $345.00 in a research note on Monday, August 25th. Wolfe Research initiated coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Barclays upped their price target on shares of Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a report on Tuesday, August 19th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, B. Riley boosted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $323.17.

Fabrinet Trading Down 1.0%

FN stock opened at $365.76 on Thursday. The firm’s 50-day moving average is $343.23 and its two-hundred day moving average is $273.50. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 39.84 and a beta of 1.05. Fabrinet has a 52 week low of $148.55 and a 52 week high of $397.26.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same quarter last year, the business earned $2.41 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the sale, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the transaction, the chief operating officer directly owned 13,983 shares of the company’s stock, valued at $4,966,062.45. This represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Fabrinet

A number of hedge funds have recently made changes to their positions in FN. Coldstream Capital Management Inc. boosted its holdings in shares of Fabrinet by 3.2% during the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock worth $294,000 after purchasing an additional 31 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after buying an additional 31 shares during the period. IFP Advisors Inc grew its holdings in shares of Fabrinet by 10.9% during the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock valued at $103,000 after acquiring an additional 34 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Fabrinet by 21.7% in the second quarter. SBI Securities Co. Ltd. now owns 219 shares of the technology company’s stock worth $65,000 after acquiring an additional 39 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Fabrinet by 33.6% during the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock worth $50,000 after acquiring an additional 43 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.