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

Key Points

• Fabrinet has received a consensus rating of "Moderate Buy" from nine brokerages, with four analysts recommending a hold and five a buy.
• Recent price target adjustments include Rosenblatt Securities raising their target from $360 to $425 and Barclays raising it from $234 to $329.
• Insider selling activity shows a significant decrease in ownership, with EVP Edward T. Archer and COO Harpal Gill both selling over 17,500 shares combined in early September.

Shares of Fabrinet (NYSE:FN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $323.1667.

A number of research analysts recently issued reports on FN shares. Rosenblatt Securities lifted their price target on Fabrinet from $360.00 to $425.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. B. Riley boosted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Barclays boosted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $318.00 to $345.00 in a research report on Monday, August 25th.

Insider Transactions at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of the business's 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 sale, the chief operating officer directly owned 13,983 shares of the company's stock, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,049 shares of company stock worth $9,360,401 over the last 90 days. 0.38% of the stock is owned by insiders.

Institutional Trading of Fabrinet

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

Fabrinet Stock Performance

Shares of NYSE FN opened at $383.71 on Thursday. The stock has a market cap of $13.71 billion, a PE ratio of 41.80 and a beta of 1.05. The business has a fifty day moving average of $346.57 and a two-hundred day moving average of $276.32. Fabrinet has a 52-week low of $148.55 and a 52-week high of $397.26.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. During the same period last year, the firm posted $2.41 EPS. The firm's quarterly revenue was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.