Rosenblatt Securities Forecasts Strong Price Appreciation for Fabrinet (NYSE:FN) Stock

Fabrinet (NYSE:FN) had its target price upped by Rosenblatt Securities from $360.00 to $425.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts also recently commented on FN. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Barclays lifted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a “neutral” rating to an “overweight” rating and upped their price target for the company from $318.00 to $345.00 in a report on Monday, August 25th. Finally, Wolfe Research started coverage on Fabrinet in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $323.17.

Fabrinet Trading Down 1.0%

Fabrinet stock opened at $365.76 on Thursday. Fabrinet has a 1-year low of $148.55 and a 1-year high of $397.26. The firm’s fifty day simple moving average is $343.23 and its 200-day simple moving average is $273.50. The company has a market capitalization of $13.07 billion, a P/E ratio of 39.84 and a beta of 1.05.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $909.69 million during the quarter, compared to analysts’ expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. Fabrinet’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the sale, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,049 shares of company stock valued at $9,360,401 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Fabrinet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in Fabrinet by 11.6% during the first quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock worth $2,610,000 after purchasing an additional 1,368 shares during the period. Atria Wealth Solutions Inc. grew its position in Fabrinet by 40.8% in the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 1,582 shares during the period. Private Trust Co. NA grew its position in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the period. Canada Pension Plan Investment Board raised its stake in Fabrinet by 76.1% during the first quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock worth $13,707,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Fabrinet by 13.9% during the first quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock valued at $10,181,000 after acquiring an additional 6,272 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.