Fabrinet (NYSE:FN – Free Report) – Research analysts at Northland Securities raised their Q1 2027 EPS estimates for Fabrinet in a report issued on Tuesday, August 18th. Northland Securities analyst T. Savageaux now forecasts that the technology company will post earnings of $3.89 per share for the quarter, up from their previous estimate of $3.82. The consensus estimate for Fabrinet’s current full-year earnings is $16.46 per share. Northland Securities also issued estimates for Fabrinet’s FY2027 earnings at $17.61 EPS.
FN has been the topic of a number of other reports. Wall Street Zen cut Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings lowered Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Barclays increased their price target on shares of Fabrinet from $702.00 to $739.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Rosenblatt Securities reissued a “buy” rating and set a $750.00 price target on shares of Fabrinet in a research note on Tuesday, August 18th. Finally, Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus price target of $649.50.
Fabrinet Trading Up 1.3%
FN opened at $437.35 on Thursday. The stock has a market capitalization of $15.67 billion, a P/E ratio of 33.51 and a beta of 1.23. The stock has a 50-day moving average price of $505.31 and a 200-day moving average price of $568.02. Fabrinet has a 12-month low of $313.00 and a 12-month high of $748.89.
Fabrinet (NYSE:FN – Get Free Report) last released its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $2.65 earnings per share. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS.
Institutional Trading of Fabrinet
Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of Fabrinet by 72,124.7% in the second quarter. California State Teachers Retirement System now owns 30,151,657 shares of the technology company’s stock worth $16,947,643,000 after purchasing an additional 30,109,910 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Fabrinet by 163.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after purchasing an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP raised its position in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Fabrinet in the 2nd quarter worth approximately $298,183,000. Finally, Norges Bank purchased a new stake in Fabrinet in the 4th quarter worth approximately $193,766,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.
About Fabrinet
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.
Featured Stories
- Five stocks we like better than Fabrinet
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.
