Fabrinet Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fabrinet stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FN, but not buy additional shares or sell existing shares.
View analyst ratings for Fabrinet or view top-rated stocks.

Wall Street analysts have given Fabrinet a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fabrinet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Fabrinet saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 356,700 shares, a decrease of 35.7% from the June 15th total of 554,600 shares. Based on an average trading volume of 147,800 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.0% of the company's shares are sold short.
View Fabrinet's Short Interest.

Fabrinet is scheduled to release its next quarterly earnings announcement on Monday, August 16th 2021.
View our earnings forecast for Fabrinet.

Fabrinet (NYSE:FN) issued its earnings results on Sunday, May, 2nd. The technology company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.14 by $0.07. The technology company had revenue of $479.32 million for the quarter, compared to analyst estimates of $467.24 million. Fabrinet had a net margin of 7.55% and a trailing twelve-month return on equity of 13.78%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share.
View Fabrinet's earnings history.

Fabrinet's stock was trading at $51.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FN shares have increased by 83.2% and is now trading at $93.59.
View which stocks have been most impacted by COVID-19.

Fabrinet issued an update on its fourth quarter 2021 earnings guidance on Monday, May, 17th. The company provided earnings per share guidance of 1.180-1.250 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.190. The company issued revenue guidance of $475 million-$495 million, compared to the consensus revenue estimate of $483.55 million.

8 brokerages have issued 12-month target prices for Fabrinet's shares. Their forecasts range from $38.00 to $115.00. On average, they anticipate Fabrinet's stock price to reach $80.75 in the next year. This suggests that the stock has a possible downside of 13.7%.
View analysts' price targets for Fabrinet or view top-rated stocks among Wall Street analysts.

8 employees have rated Fabrinet CEO Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among Fabrinet's employees.

Some companies that are related to Fabrinet include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Plexus (PLXS), Sanmina (SANM), Methode Electronics (MEI), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Park Aerospace (PKE), Key Tronic (KTCC) and Neonode (NEON).
View all of FN's competitors.

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 Square (SQ).

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

Fabrinet's stock is owned by a number of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (2.65%), Scout Investments Inc. (0.29%), State of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.04%), Archford Capital Strategies LLC (0.01%) and Raymond James Trust N.A. (0.01%). Company insiders that own Fabrinet 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.
View institutional ownership trends for Fabrinet.

FN stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Vaughan Nelson Investment Management L.P., and Oregon Public Employees Retirement Fund. Company insiders that have sold Fabrinet company stock in the last year include Csaba Sverha, Edward T Archer, Harpal Gill, Rollance E Olson, Seamus Grady, and Toh-Seng Ng.
View insider buying and selling activity for Fabrinet or view top insider-selling stocks.

FN stock was purchased by a variety of institutional investors in the last quarter, including Archford Capital Strategies LLC, Raymond James Trust N.A., and State of Alaska Department of Revenue.
View insider buying and selling activity for Fabrinet or or view top insider-buying stocks.

Shares of FN 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.
Compare Top Brokerages Here.

One share of FN stock can currently be purchased for approximately $93.59.

Fabrinet has a market capitalization of $3.45 billion and generates $1.64 billion in revenue each year. The technology company earns $113.48 million in net income (profit) each year or $3.14 on an earnings per share basis.

Fabrinet employs 11,506 workers across the globe.

The official website for Fabrinet is www.fabrinet.com.

Fabrinet is headquartered at 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005.

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The technology company can be reached via phone at (662) 524-9600 or via email at [email protected]