Fabrinet (NYSE:FN – Get Free Report) had its price objective reduced by stock analysts at Needham & Company LLC from $800.00 to $650.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 23.33% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Rosenblatt Securities upped their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Barclays raised their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen downgraded Fabrinet from a “buy” rating to a “hold” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.00.
Get Our Latest Stock Analysis on Fabrinet
Fabrinet Trading Up 6.6%
Fabrinet (NYSE:FN – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts anticipate that Fabrinet will post 12.97 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction 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 sale, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Fabrinet
Hedge funds have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in Fabrinet in the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth approximately $29,000. Harbour Investments Inc. raised its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Fabrinet in the 1st quarter worth approximately $31,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 97.38% of the company’s stock.
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.
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