Fabrinet (NYSE:FN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Fabrinet has a “Moderate Buy” consensus rating among 10 analysts, with seven buys and three holds. The average 12-month price target is $649.50.
• Recent analyst actions were generally positive, including Barclays raising its price target to $739 and Fox Advisors upgrading the stock to “overweight,” although Wall Street Zen downgraded it to “hold.”
• Fabrinet reported quarterly EPS of $4.10, exceeding estimates of $3.81, while revenue rose 44.6% year over year to $1.32 billion. Institutional investors own 97.38% of the company, while the stock opened at $412.97.

Fabrinet (NYSE:FN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $649.50.

A number of equities analysts have recently issued reports on FN shares. Needham & Company LLC restated a "buy" rating and issued a $650.00 price target on shares of Fabrinet in a research note on Tuesday, August 18th. Wall Street Zen cut Fabrinet from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Fox Advisors raised shares of Fabrinet from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Finally, Barclays boosted their target price 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.

Hedge Funds Weigh In On Fabrinet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in Fabrinet in the second quarter worth about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Fabrinet during the 4th quarter valued at about $25,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at about $31,000. Harbour Investments Inc. grew its stake in shares of Fabrinet by 75.0% during the 4th 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 period. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet in the 4th quarter worth approximately $32,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Fabrinet Stock Down 0.3%

FN opened at $412.97 on Monday. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 31.65 and a beta of 1.23. The firm has a 50 day moving average price of $499.22 and a 200-day moving average price of $566.87. Fabrinet has a twelve month low of $313.00 and a twelve month high of $748.89.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.29. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company posted $2.65 earnings per share. The firm's quarterly revenue was up 44.6% on a year-over-year basis. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. As a group, analysts expect that Fabrinet will post 17.5 earnings per share for the current year.

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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