Fabrinet (NYSE:FN) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Fabrinet (NYSE:FN) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on FN. JPMorgan Chase & Co. lifted their price target on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday. Barclays raised their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Finally, Susquehanna boosted their target price on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet presently has an average rating of “Buy” and an average target price of $511.11.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $505.13 on Thursday. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 48.38 and a beta of 1.04. The stock has a 50 day moving average price of $474.09 and a 200-day moving average price of $408.83. Fabrinet has a one year low of $148.55 and a one year high of $531.22.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 3,500 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the sale, the director owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,151 shares of company stock worth $12,643,707 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fabrinet

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in Fabrinet by 0.3% during the second quarter. Nordea Investment Management AB now owns 43,411 shares of the technology company’s stock valued at $12,845,000 after acquiring an additional 132 shares in the last quarter. Argent Capital Management LLC purchased a new stake in Fabrinet in the 3rd quarter worth approximately $4,931,000. Gateway Investment Advisers LLC acquired a new stake in shares of Fabrinet during the 3rd quarter worth approximately $1,435,000. Charles Schwab Investment Management Inc. grew its stake in shares of Fabrinet by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 424,741 shares of the technology company’s stock worth $125,163,000 after purchasing an additional 4,043 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of Fabrinet during the 2nd quarter valued at approximately $26,243,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Zacks upgraded Fabrinet to a Zacks Rank #1 (Strong Buy), signaling stronger near‑term earnings optimism from that shop; this upgrade likely supported buying interest. Zacks Upgrade
• Positive Sentiment: A Zacks feature called Fabrinet an “incredible growth stock,” highlighting growth attributes that can drive outperformance — supportive narrative for longer‑term buyers. Zacks Growth Piece
• Positive Sentiment: Northland Securities materially raised near‑term and multi‑year EPS estimates (examples: Q3 2026 to ~$3.37, Q4 2026 to ~$3.58, FY2026 to ~$12.75 and FY2027 to ~$15.77), which lifts EPS visibility and supports a higher valuation multiple. Northland Estimate Revisions
• Positive Sentiment: Sell‑side support was reinforced by Needham and Rosenblatt reiterating Buy ratings, adding to conviction among institutional investors and traders. Needham Rosenblatt
• Neutral Sentiment: Recent company results earlier in the week beat revenue and EPS expectations and management gave bullish HPC (high‑performance computing)‑driven commentary — a fundamental positive — but the post‑report period saw volatile trading (including a selloff noted in press coverage), reflecting mixed short‑term reactions. Yahoo Coverage
• Negative Sentiment: Seeking Alpha published a piece outlining three key concerns (two related to AI exposure and one on valuation) and a rating downgrade, which may temper some investors’ enthusiasm and contribute to short‑term caution. Seeking Alpha Concerns

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.