Fabrinet (NYSE:FN) Price Target Raised to $540.00

Fabrinet (NYSE:FN) had its target price boosted by Needham & Company LLC from $440.00 to $540.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also commented on FN. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $345.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. B. Riley upped their price objective 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 reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $451.29.

Fabrinet Stock Performance

NYSE:FN opened at $460.98 on Tuesday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $498.00. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 47.47 and a beta of 1.05. The business’s fifty day moving average is $387.44 and its 200 day moving average is $310.02.

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

Insider Buying and Selling

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the transaction, the executive vice president directly owned 6,644 shares of the company’s stock, valued at $2,355,165.12. The trade was a 33.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the completion of the sale, the chief executive officer owned 46,024 shares of the company’s stock, valued at $15,165,828.48. The trade was a 17.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,049 shares of company stock worth $9,360,401 in the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Trading of Fabrinet

Several large investors have recently modified their holdings of FN. Maseco LLP bought a new position in Fabrinet during the 2nd quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new position in shares of Fabrinet during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Fabrinet during the first quarter valued at approximately $30,000. Berbice Capital Management LLC purchased a new stake in Fabrinet in the first quarter worth $30,000. Finally, Private Trust Co. NA lifted its stake in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the period. 97.38% of the stock is owned by institutional investors.

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.