Fabrinet (NYSE:FN) Price Target Raised to $425.00

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

Several other research analysts also recently weighed in on the company. Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. B. Riley increased their price target on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Barclays increased their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $323.17.

Fabrinet Trading Down 0.5%

Shares of FN opened at $369.42 on Thursday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $397.26. The stock’s 50 day moving average is $342.08 and its two-hundred day moving average is $272.18. The firm has a market capitalization of $13.20 billion, a PE ratio of 40.24 and a beta of 1.05.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 EPS for the current year.

Insider Activity

In other news, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock worth $9,360,401 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP raised its position in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the last quarter. Norges Bank acquired a new stake in shares of Fabrinet during the second quarter worth approximately $124,046,000. Invesco Ltd. increased its holdings in shares of Fabrinet by 446.6% during the second quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock worth $150,744,000 after buying an additional 417,959 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Fabrinet by 102.8% during the second quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock valued at $195,464,000 after purchasing an additional 336,173 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Fabrinet during the first quarter valued at approximately $64,274,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

About Fabrinet

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.