Fabrinet (NYSE:FN) Stock Rating Upgraded by Wall Street Zen

Fabrinet (NYSE:FN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other brokerages also recently weighed in on FN. Rosenblatt Securities upped their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Down 2.3%

NYSE FN traded down $11.30 on Friday, reaching $471.48. 616,821 shares of the stock traded hands, compared to its average volume of 1,065,184. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 40.50 and a beta of 1.20. The firm’s fifty day simple moving average is $615.70 and its 200 day simple moving average is $563.47.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $2.52 EPS. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Several hedge funds have recently made changes to their positions in FN. Glenmede Trust Co. NA raised its stake in Fabrinet by 1.7% during the first quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock worth $609,000 after acquiring an additional 19 shares in the last quarter. Balboa Wealth Partners boosted its stake in shares of Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after purchasing an additional 21 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after purchasing an additional 23 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of Fabrinet by 15.7% in the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock worth $87,000 after purchasing an additional 26 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Company Profile

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.