Fabrinet (NYSE:FN) Price Target Raised to $425.00

Key Points

• Rosenblatt Securities has raised Fabrinet's price target from $360.00 to $425.00, indicating a potential upside of 14.29% from the previous close.
• Fabrinet posted a quarterly revenue of $909.69 million, surpassing estimates and reflecting a 20.8% year-over-year increase in revenue.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average target price of $323.17.

Fabrinet (NYSE:FN - Get Free Report) had its price target raised by stock analysts at Rosenblatt Securities from $360.00 to $425.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Rosenblatt Securities' price objective would suggest a potential upside of 14.29% from the company's previous close.

Several other analysts also recently commented on FN. B. Riley upped their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $318.00 to $345.00 in a research report on Monday, August 25th. Wolfe Research began coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Barclays upped their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $323.17.

Fabrinet Trading Up 2.0%

Shares of Fabrinet stock opened at $371.85 on Thursday. The company has a fifty day simple moving average of $340.78 and a 200-day simple moving average of $271.15. Fabrinet has a 12-month low of $148.55 and a 12-month high of $397.26. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 40.51 and a beta of 1.05.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 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 quarter in the prior year, the firm earned $2.41 EPS. Fabrinet's revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward T. Archer sold 3,333 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the transaction, the executive vice president owned 6,644 shares of the company's stock, valued at $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,049 shares of company stock worth $9,360,401. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fabrinet

Several hedge funds have recently modified their holdings of FN. Wasatch Advisors LP boosted its stake in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company's stock worth $524,432,000 after purchasing an additional 553,196 shares during the last quarter. Norges Bank acquired a new stake in shares of Fabrinet in the second quarter worth approximately $124,046,000. Invesco Ltd. boosted its position 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 during the last quarter. Westfield Capital Management Co. LP boosted its position 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 during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Fabrinet in the first quarter worth approximately $64,274,000. 97.38% of the stock is owned by institutional investors and hedge funds.

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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