Fabrinet - FN Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FN shares.
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7 Wall Street analysts have issued 12-month price targets for Fabrinet's shares. Their FN share price forecasts range from $88.00 to $130.00. On average, they predict the company's share price to reach $113.17 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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Fabrinet's stock was trading at $118.47 at the beginning of the year. Since then, FN stock has decreased by 15.0% and is now trading at $100.66.
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Fabrinet saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 691,800 shares, an increase of 35.7% from the July 15th total of 509,800 shares. Based on an average daily volume of 179,900 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
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Fabrinet will be holding an earnings conference call on Monday, August 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Fabrinet (NYSE:FN) issued its earnings results on Sunday, October, 31st. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.12. The technology company earned $543.32 million during the quarter, compared to the consensus estimate of $522.60 million. Fabrinet had a trailing twelve-month return on equity of 16.00% and a net margin of 8.54%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS.

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include NVIDIA (NVDA), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), ON Semiconductor (ON), Baidu (BIDU) and Block (SQ).

Fabrinet trades on the New York Stock Exchange (NYSE) under the ticker symbol "FN."

Fabrinet's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.75%), Victory Capital Management Inc. (2.66%), Artisan Partners Limited Partnership (2.64%), Paradigm Capital Management Inc. NY (1.55%), abrdn plc (1.26%) and Northern Trust Corp (1.09%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng.
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Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FN stock can currently be purchased for approximately $100.66.

Fabrinet (NYSE:FN) has a market capitalization of $3.70 billion and generates $1.88 billion in revenue each year. The technology company earns $148.34 million in net income (profit) each year or $4.98 on an earnings per share basis.

The company employs 12,189 workers across the globe.

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The official website for the company is www.fabrinet.com. The technology company can be reached via phone at (662) 524-9600 or via email at ir@fabrinet.com.