JPMorgan Chase & Co. Issues Positive Forecast for Fabrinet (NYSE:FN) Stock Price

Fabrinet (NYSE:FN) had its price target lifted by research analysts at JPMorgan Chase & Co. from $680.00 to $695.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 42.57% from the company’s previous close.

Several other equities analysts also recently commented on the company. Weiss Ratings downgraded Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Rosenblatt Securities reissued a “buy” rating and set a $750.00 target price on shares of Fabrinet in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $650.00 price target on shares of Fabrinet in a report on Tuesday. Finally, Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $649.50.

Fabrinet Price Performance

Shares of FN stock traded down $111.12 on Tuesday, hitting $487.46. 915,113 shares of the stock traded hands, compared to its average volume of 829,674. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89. The firm has a 50 day simple moving average of $526.47 and a two-hundred day simple moving average of $569.40. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 42.01 and a beta of 1.23.

Fabrinet (NYSE:FN) last issued its earnings results on Tuesday, August 18th. The technology company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.29. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. Fabrinet’s quarterly revenue was up 44.6% compared to the same quarter last year. Sell-side analysts forecast that Fabrinet will post 12.97 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the fourth quarter worth about $25,000. Cassaday & Co Wealth Management LLC bought a new position in Fabrinet during the first quarter valued at approximately $31,000. Harbour Investments Inc. boosted its stake in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Fabrinet during the 4th quarter valued at approximately $32,000. Finally, Quarry LP grew its holdings in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

More Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fourth-quarter revenue of $1.316 billion, up 45% year over year and ahead of the $1.28 billion consensus estimate. Non-GAAP EPS of $4.10 exceeded estimates near $3.81-$3.85 and rose sharply from $2.65 a year earlier. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Fiscal 2026 revenue increased 36% to $4.64 billion, while GAAP net income rose to $473.0 million from $332.5 million. Management cited multiple growth drivers and said data-center demand remains exceptionally strong, with data-center revenue reportedly increasing 68%. Fabrinet CEO Sees No End in Sight to Data Center Demand
• Positive Sentiment: First-quarter fiscal 2027 revenue guidance of $1.375 billion to $1.425 billion is above the roughly $1.3 billion analyst consensus, while non-GAAP EPS guidance of $4.10 to $4.25 exceeds the $3.95 consensus. Rosenblatt and Needham reaffirmed Buy ratings with price targets of $750 and $650, respectively. Benzinga analyst coverage

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.