JPMorgan Chase & Co. Issues Positive Forecast for Fabrinet (NYSE:FN) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for Fabrinet (NYSE:FN) from $345.00 to $430.00, indicating an 8.00% potential upside from the company's previous close.
• Fabrinet reported $2.65 EPS for the last quarter, slightly exceeding the consensus estimate, with revenues of $909.69 million, up 20.8% year-over-year.
• Insider activity includes CEO Seamus Grady selling 9,513 shares at an average price of $329.52, which reduced his ownership by 17.13%.

Fabrinet (NYSE:FN - Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $345.00 to $430.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 8.00% from the company's previous close.

A number of other equities research analysts have also recently issued reports on FN. Rosenblatt Securities boosted their target price on shares of Fabrinet from $360.00 to $425.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays boosted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 19th. Wolfe Research started coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, B. Riley boosted their target price 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. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $337.33.

Fabrinet Stock Performance

Shares of FN stock opened at $398.13 on Thursday. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 43.37 and a beta of 1.05. The company has a 50-day simple moving average of $352.01 and a 200 day simple moving average of $282.08. Fabrinet has a 52 week low of $148.55 and a 52 week high of $399.00.

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

Insider Buying and Selling

In related news, CEO Seamus Grady sold 9,513 shares of the company'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 sale, the chief executive officer owned 46,024 shares of the company's stock, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 6,644 shares of the company's stock, valued at $2,355,165.12. This trade represents a 33.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock valued at $9,360,401 over the last quarter. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Maseco LLP bought a new position in shares of Fabrinet in the second quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet in the second quarter worth about $35,000. First Horizon Advisors Inc. lifted its holdings 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 worth $41,000 after acquiring an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings 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 worth $42,000 after acquiring an additional 77 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fabrinet in the first quarter worth about $29,000. Institutional investors own 97.38% of the company's stock.

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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