Fabrinet (NYSE:FN) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Fabrinet (NYSE: FN) has received an average consensus recommendation of "Hold" from analysts, with four holding and three buying recommendations among seven research firms.
• The company's stock opened at $285.47 and has a market capitalization of $10.23 billion, with a 52-week price range between $148.55 and $356.55.
• Fabrinet reported a quarterly earnings per share of $2.65, exceeding estimates, with a year-over-year revenue increase of 20.8% to $909.69 million.

Shares of Fabrinet (NYSE:FN - Get Free Report) have earned an average recommendation of "Hold" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $307.8333.

A number of research analysts have recently issued reports on FN shares. Needham & Company LLC reissued a "buy" rating and issued a $350.00 price objective on shares of Fabrinet in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Fabrinet from $235.00 to $318.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Barclays boosted their price objective on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday. Wolfe Research began coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price target on shares of Fabrinet in a research note on Tuesday.

Fabrinet Stock Performance

Shares of NYSE:FN traded up $17.01 during midday trading on Wednesday, reaching $294.05. The company's stock had a trading volume of 1,290,210 shares, compared to its average volume of 726,544. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 32.03 and a beta of 1.02. The firm has a 50 day moving average price of $300.68 and a two-hundred day moving average price of $242.03. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $356.55.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share (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 the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm's revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Harpal Gill sold 18,675 shares of the company'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 transaction of $4,482,000.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FN. Maseco LLP acquired a new position in Fabrinet during the 2nd quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Fabrinet during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Fabrinet in the first quarter worth approximately $30,000. Berbice Capital Management LLC purchased a new stake in shares of Fabrinet in the first quarter worth approximately $30,000. Finally, Private Trust Co. NA raised its stake in shares of Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after purchasing an additional 51 shares during the last quarter. 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.