Shares of Fabrinet (NYSE:FN – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $661.75.
Several equities analysts have recently commented on FN shares. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Rosenblatt Securities upped their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Finally, Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th.
Check Out Our Latest Analysis on FN
Fabrinet Price Performance
Fabrinet (NYSE:FN – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $2.52 EPS. The business’s revenue for the quarter 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 analysts anticipate that Fabrinet will post 12.96 earnings per share for the current fiscal year.
Insider Activity at Fabrinet
In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Fabrinet
Hedge funds have recently added to or reduced their stakes in the business. Core Wealth Advisors LLC acquired a new stake in Fabrinet during the 4th quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Fabrinet during the 1st quarter worth approximately $31,000. Westend Capital Management LLC acquired a new stake in Fabrinet during the 4th quarter worth approximately $29,000. Harbour Investments Inc. lifted its holdings in 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 buying an additional 27 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet during the 4th quarter worth approximately $32,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.
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.
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