Fabrinet (NYSE:FN) Receives Average Recommendation of “Moderate Buy” from Analysts

Fabrinet (NYSE:FN) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $323.1667.

FN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Fabrinet from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $318.00 to $345.00 in a research note on Monday, August 25th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Rosenblatt Securities boosted their target price on shares of Fabrinet from $360.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Finally, Barclays increased their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 19th.

Insider Buying and Selling

In related news, COO Harpal Gill sold 14,203 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the sale, the chief executive officer owned 46,024 shares of the company’s stock, valued at $15,165,828.48. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock worth $9,360,401 in the last quarter. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Maseco LLP bought a new position in shares of Fabrinet in the second quarter valued at about $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet in the second quarter valued at about $35,000. First Horizon Advisors Inc. raised its holdings in shares of Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after buying an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Fabrinet by 118.5% in the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock valued at $42,000 after buying an additional 77 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fabrinet in the first quarter valued at about $29,000. 97.38% of the stock is owned by institutional investors.

Fabrinet Price Performance

FN opened at $382.10 on Thursday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $397.26. The firm’s fifty day moving average price is $349.74 and its two-hundred day moving average price is $280.62. The company has a market capitalization of $13.65 billion, a P/E ratio of 41.62 and a beta of 1.05.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping 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 firm had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. During the same quarter in the previous year, the company earned $2.41 earnings per share. The business’s revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Fabrinet Company Profile

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.