Fabrinet (NYSE:FN) Given New $220.00 Price Target at B. Riley

Key Points

• B. Riley increased Fabrinet's price target from $184 to $220, maintaining a "neutral" rating, which indicates a potential downside of 24.42% from the current price.
• Other analysts have varied target prices, with Barclays setting it at $329, JPMorgan at $318, and Needham & Company at $350, leading to a consensus target price of $307.83.
• Fabrinet reported a 20.8% year-over-year revenue increase, with a quarterly EPS of $2.65, surpassing analyst expectations, and provided guidance for Q1 2026 of 2.750-2.900 EPS.

Fabrinet (NYSE:FN - Get Free Report) had its price objective upped by stock analysts at B. Riley from $184.00 to $220.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. B. Riley's target price would suggest a potential downside of 24.42% from the company's current price.

Other research analysts have also recently issued reports about the company. Barclays upped their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Wolfe Research initiated coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. boosted their target price on Fabrinet from $235.00 to $318.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Needham & Company LLC restated a "buy" rating and set a $350.00 target price on shares of Fabrinet in a research report on Tuesday. Finally, Rosenblatt Securities restated a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet has a consensus rating of "Hold" and a consensus target price of $307.83.

Fabrinet Stock Performance

NYSE FN traded down $36.0210 during mid-day trading on Tuesday, reaching $291.0990. 1,221,483 shares of the stock were exchanged, compared to its average volume of 716,274. The stock has a market capitalization of $10.43 billion, a PE ratio of 32.45 and a beta of 1.02. The business's fifty day simple moving average is $298.58 and its 200 day simple moving average is $241.11. Fabrinet has a 1-year low of $148.55 and a 1-year high of $356.55.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a return on equity of 17.99% and a net margin of 10.00%.The company's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

Insider Transactions at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total value of $4,482,000.00. Following the completion of the sale, the chief operating officer directly owned 18,068 shares in the company, valued at $4,336,320. The trade was a 50.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On Fabrinet

A number of large investors have recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in Fabrinet by 28.9% in the second quarter. State of Wyoming now owns 1,665 shares of the technology company's stock valued at $491,000 after acquiring an additional 373 shares during the last quarter. Castleark Management LLC raised its position in shares of Fabrinet by 55.0% during the 2nd quarter. Castleark Management LLC now owns 31,920 shares of the technology company's stock worth $9,406,000 after purchasing an additional 11,330 shares during the period. Rexford Capital Inc. acquired a new stake in shares of Fabrinet in the 2nd quarter worth about $269,000. Evergreen Capital Management LLC boosted its position in Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company's stock worth $893,000 after acquiring an additional 31 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Fabrinet by 241.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,815 shares of the technology company's stock valued at $2,008,000 after acquiring an additional 4,821 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

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.

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