Brokerages Set Fabrinet (NYSE:FN) PT at $312.33

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 received a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $312.3333.

Several equities analysts have weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Zacks Research lowered Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and increased their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Finally, Barclays increased their target price on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 19th.

Fabrinet Stock Up 5.7%

NYSE:FN traded up $20.57 during trading hours on Friday, reaching $378.78. The company had a trading volume of 706,459 shares, compared to its average volume of 778,074. The stock has a 50-day moving average of $328.36 and a two-hundred day moving average of $260.51. Fabrinet has a one year low of $148.55 and a one year high of $381.66. The firm has a market capitalization of $13.53 billion, a PE ratio of 41.26 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last announced its 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 company had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, sell-side analysts expect that Fabrinet will post 9.4 earnings per share for the current year.

Insider Transactions at Fabrinet

In related news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the completion of the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value of $5,044,195.45. Following the transaction, the chief operating officer owned 13,983 shares of the company's stock, valued at approximately $4,966,062.45. The trade was a 50.39% 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 valued at $9,360,401 over the last 90 days. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FN. Maseco LLP bought a new position in Fabrinet in the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new position in Fabrinet in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in Fabrinet in the first quarter valued at approximately $30,000. Berbice Capital Management LLC bought a new position in Fabrinet in the first quarter valued at approximately $30,000. Finally, Private Trust Co. NA grew its stake in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

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.