Fabrinet (NYSE:FN - Free Report) - Equities research analysts at Northland Capmk boosted their Q1 2026 earnings per share estimates for shares of Fabrinet in a research note issued on Wednesday, May 21st. Northland Capmk analyst T. Savageaux now anticipates that the technology company will earn $2.66 per share for the quarter, up from their previous forecast of $2.64. The consensus estimate for Fabrinet's current full-year earnings is $9.40 per share. Northland Capmk also issued estimates for Fabrinet's Q2 2026 earnings at $2.79 EPS, Q3 2026 earnings at $2.90 EPS, Q4 2026 earnings at $3.14 EPS and FY2026 earnings at $11.48 EPS.
FN has been the topic of several other reports. Rosenblatt Securities increased their target price on Fabrinet from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Barclays set a $234.00 price target on Fabrinet and gave the company an "equal weight" rating in a report on Tuesday, May 6th. B. Riley raised Fabrinet from a "sell" rating to a "neutral" rating and lowered their price target for the company from $178.00 to $176.00 in a report on Friday, April 4th. Fox Advisors assumed coverage on Fabrinet in a report on Tuesday, February 18th. They set an "overweight" rating and a $270.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Fabrinet from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $239.29.
Check Out Our Latest Stock Report on Fabrinet
Fabrinet Trading Up 3.2%
FN traded up $7.32 during trading on Thursday, hitting $237.60. 176,508 shares of the company's stock traded hands, compared to its average volume of 799,182. The company's 50 day simple moving average is $204.15 and its two-hundred day simple moving average is $218.09. Fabrinet has a 12-month low of $148.55 and a 12-month high of $281.79. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 26.58 and a beta of 0.95.
Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.05. Fabrinet had a return on equity of 18.48% and a net margin of 10.44%. The company had revenue of $871.80 million for the quarter, compared to the consensus estimate of $857.12 million. During the same quarter in the prior year, the business posted $2.39 EPS. The firm's quarterly revenue was up 19.2% compared to the same quarter last year.
Institutional Investors Weigh In On Fabrinet
Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Fabrinet by 304.6% in the 3rd quarter. Barclays PLC now owns 69,128 shares of the technology company's stock worth $16,345,000 after buying an additional 52,042 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Fabrinet by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,279 shares of the technology company's stock worth $721,000 after purchasing an additional 82 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Fabrinet in the fourth quarter worth about $1,945,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Fabrinet in the fourth quarter worth about $4,615,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Fabrinet by 178.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,008 shares of the technology company's stock worth $881,000 after purchasing an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.
Insiders Place Their Bets
In other Fabrinet news, Director Rollance E. Olson sold 2,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $223.98, for a total value of $559,950.00. Following the completion of the sale, the director now owns 23,201 shares in the company, valued at approximately $5,196,559.98. This represents a 9.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by company insiders.
About Fabrinet
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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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