Fabrinet (NYSE:FN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Fabrinet (NYSE:FN) has received a consensus recommendation of "Moderate Buy" from eight research firms, with a target price averaging $312.33.
• Recent transactions by company insiders saw COO Harpal Gill and EVP Edward T. Archer decrease their holdings, with insider sales totaling $9.36 million in the last 90 days.
• The company's quarterly earnings report revealed a 20.8% increase in revenue year-over-year, with earnings per share of $2.65, exceeding analysts’ expectations.

Shares of Fabrinet (NYSE:FN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $312.3333.

A number of equities research analysts have recently issued reports on FN shares. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $318.00 to $345.00 in a research report on Monday, August 25th. Wolfe Research started coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Rosenblatt Securities reissued a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays boosted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th.

Insiders Place Their Bets

In related news, COO Harpal Gill sold 14,203 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer directly owned 13,983 shares in the company, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward T. Archer sold 3,333 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the transaction, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. 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 90 days. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in shares of Fabrinet by 378.4% during the second quarter. Osaic Holdings Inc. now owns 22,286 shares of the technology company's stock valued at $6,567,000 after purchasing an additional 17,628 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Fabrinet during the second quarter valued at approximately $317,000. Cim LLC boosted its stake in shares of Fabrinet by 3.1% during the second quarter. Cim LLC now owns 6,200 shares of the technology company's stock valued at $1,827,000 after purchasing an additional 189 shares in the last quarter. State of Wyoming boosted its stake in shares of Fabrinet by 28.9% during the second quarter. State of Wyoming now owns 1,665 shares of the technology company's stock valued at $491,000 after purchasing an additional 373 shares in the last quarter. Finally, Castleark Management LLC boosted its stake in shares of Fabrinet by 55.0% during the second quarter. Castleark Management LLC now owns 31,920 shares of the technology company's stock valued at $9,406,000 after purchasing an additional 11,330 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Price Performance

NYSE FN opened at $358.45 on Friday. The stock has a market capitalization of $12.81 billion, a PE ratio of 39.05 and a beta of 1.08. Fabrinet has a 1 year low of $148.55 and a 1 year high of $380.01. The business's 50-day moving average is $322.29 and its 200 day moving average is $256.30.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same period last year, the business posted $2.41 earnings per share. Fabrinet's quarterly revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Fabrinet Company Profile

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.

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