Fabrinet (NYSE:FN) Price Target Raised to $530.00

Fabrinet (NYSE:FN) had its price target hoisted by JPMorgan Chase & Co. from $430.00 to $530.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other analysts also recently commented on FN. B. Riley boosted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Barclays increased their price target on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 19th. Needham & Company LLC boosted their price objective on Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wolfe Research initiated coverage on Fabrinet in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and a consensus price target of $451.29.

Fabrinet Price Performance

FN opened at $460.98 on Tuesday. Fabrinet has a 12 month low of $148.55 and a 12 month high of $498.00. The stock has a market cap of $16.52 billion, a P/E ratio of 47.47 and a beta of 1.05. The stock’s 50 day moving average price is $387.44 and its 200 day moving average price is $310.02.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.09. The company had revenue of $978.13 million during the quarter, compared to analysts’ expectations of $935.04 million. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Equities analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

Insider Buying and Selling at Fabrinet

In related news, EVP Edward T. Archer sold 3,333 shares of the company’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 value of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The sale 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 Fabrinet 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 transaction, the chief operating officer owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. raised its position in Fabrinet by 47.6% during the third quarter. Assetmark Inc. now owns 682 shares of the technology company’s stock valued at $249,000 after buying an additional 220 shares during the period. Profund Advisors LLC lifted its position in shares of Fabrinet by 2.2% in the third quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after purchasing an additional 33 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in shares of Fabrinet during the third quarter worth approximately $1,037,000. Smartleaf Asset Management LLC increased its stake in Fabrinet by 43.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 530 shares of the technology company’s stock valued at $193,000 after buying an additional 161 shares during the period. Finally, Bessemer Group Inc. lifted its position in Fabrinet by 121.1% in the 3rd quarter. Bessemer Group Inc. now owns 378 shares of the technology company’s stock worth $138,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

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.