Fabrinet (NYSE:FN) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. upgraded Fabrinet's stock rating from "neutral" to "overweight," with a new price target of $345.00, suggesting a potential upside of 17.33% from its current price.
• Fabrinet reported $2.65 earnings per share for the last quarter, exceeding analysts' expectations, and projected a Q1 2026 guidance of 2.750-2.900 EPS.
• A variety of analyst ratings indicate a consensus of "Moderate Buy" for Fabrinet, with an average price target of $312.33 across multiple brokerages.

Fabrinet (NYSE:FN - Get Free Report) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a $345.00 price target on the technology company's stock, up from their previous price target of $318.00. JPMorgan Chase & Co.'s price target would suggest a potential upside of 17.33% from the stock's current price.

A number of other brokerages have also commented on FN. Barclays boosted 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. Needham & Company LLC reissued a "buy" rating and issued a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. B. Riley boosted their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Stock Up 6.1%

Fabrinet stock opened at $294.05 on Monday. The stock has a market capitalization of $10.51 billion, a PE ratio of 32.03 and a beta of 1.02. Fabrinet has a twelve month low of $148.55 and a twelve month high of $356.55. The company has a 50 day moving average of $301.66 and a 200-day moving average of $242.98.

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

Insider Transactions at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 18,675 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the sale, the chief operating officer directly owned 18,068 shares of the company's stock, valued at approximately $4,336,320. This represents a 50.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On Fabrinet

Large investors have recently modified their holdings of the stock. Maseco LLP bought a new position in shares of Fabrinet in the second quarter valued at about $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet in the second quarter valued at about $35,000. First Horizon Advisors Inc. raised its position in shares of Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company's stock valued at $41,000 after purchasing an additional 77 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Fabrinet by 118.5% in the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company's stock valued at $42,000 after purchasing an additional 77 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fabrinet in the first quarter valued at about $29,000. 97.38% of the stock is owned by institutional investors.

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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