Northland Securities Forecasts Higher Earnings for Fabrinet

Fabrinet (NYSE:FN) – Northland Securities upped their Q3 2027 EPS estimates for shares of Fabrinet in a research note issued to investors on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now expects that the technology company will post earnings per share of $4.94 for the quarter, up from their previous estimate of $4.60. The consensus estimate for Fabrinet’s current full-year earnings is $18.96 per share. Northland Securities also issued estimates for Fabrinet’s Q4 2027 earnings at $5.24 EPS and FY2027 earnings at $19.12 EPS.

Several other analysts have also weighed in on FN. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Barclays lowered their target price on Fabrinet from $739.00 to $496.00 and set an “overweight” rating for the company in a research note on Wednesday, November 4th. Rosenblatt Securities lowered their target price on Fabrinet from $750.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Fox Advisors raised shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. Finally, B. Riley Financial reduced their price target on shares of Fabrinet from $431.00 to $385.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $548.88.

Fabrinet Price Performance

Fabrinet stock opened at $347.91 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 2.04. Fabrinet has a 52 week low of $286.07 and a 52 week high of $748.89. The stock has a market capitalization of $12.43 billion, a P/E ratio of 25.15 and a beta of 1.35. The stock has a fifty day moving average of $391.93 and a 200-day moving average of $517.10.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.13. Fabrinet had a net margin of 9.35% and a return on equity of 22.32%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $2.92 earnings per share. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year.

Institutional Investors Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY bought a new position in Fabrinet in the second quarter valued at about $298,183,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Fabrinet by 108.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock worth $88,350,000 after purchasing an additional 85,780 shares during the last quarter. Rokos Capital Management LLP acquired a new position in shares of Fabrinet in the first quarter valued at approximately $31,753,000. Bowen Hanes & Co. Inc. increased its stake in shares of Fabrinet by 97.4% in the first quarter. Bowen Hanes & Co. Inc. now owns 98,715 shares of the technology company’s stock valued at $51,482,000 after buying an additional 48,715 shares during the period. Finally, Calamos Advisors LLC increased its stake in shares of Fabrinet by 1,469.7% in the third quarter. Calamos Advisors LLC now owns 51,800 shares of the technology company’s stock valued at $21,977,000 after buying an additional 48,500 shares during the period. Institutional investors own 97.38% of the company’s stock.

Insider Activity

In other news, EVP Edward Archer sold 2,500 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the transaction, the executive vice president directly owned 7,007 shares in the company, valued at approximately $2,704,071.37. This represents a 26.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Fabrinet Company Profile

Fabrinet (NYSE: FN) is a provider of advanced optical packaging and precision manufacturing services. The company works with original equipment manufacturers and other technology companies to produce complex products that require specialized engineering and manufacturing capabilities. Its services include product design and engineering support, prototyping, supply-chain management, and manufacturing. Fabrinet’s products serve markets including optical communications, industrial lasers, automotive technology, and medical devices.