NYSE:FN

Fabrinet (FN) Stock Forecast, Price & News

$166.62

-1.28 (-0.76%)

(As of 09/29/2023 ET)

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Today's Range: $165.00
▼
$170.07
50-Day Range: $116.23
▼
$167.88
52-Week Range: $90.19
▼
$170.07

Volume: 561,958 shs
Average Volume: 296,754 shs
Market Capitalization: $6.03 billion

P/E Ratio: 24.79
Dividend Yield: N/A
Price Target: $125.13

Fabrinet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 24.9% Downside
$125.13 Price Target
Short Interest: Healthy
1.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 7 Articles This Week
Insider Trading: Selling Shares
$9.17 M Sold Last Quarter
Proj. Earnings Growth: 13.95%
From $7.17 to $8.17 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Computer And Technology Sector

435th out of 606 stocks

Telephone & Telegraph Apparatus Industry

8th out of 11 stocks

1.4

Analyst's Opinion

Consensus Rating
Fabrinet has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $125.13, Fabrinet has a forecasted downside of 24.9% from its current price of $166.62.
Amount of Analyst Coverage
Fabrinet has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.82% of the float of Fabrinet has been sold short.
Short Interest Ratio / Days to Cover
Fabrinet has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fabrinet has recently increased by 14.69%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Fabrinet does not currently pay a dividend.
Dividend Growth
Fabrinet does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FN.

3.3

News and Social Media Coverage

News Sentiment
Fabrinet has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Fabrinet this week, compared to 4 articles on an average week.
Search Interest
Only 8 people have searched for FN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
6 people have added Fabrinet to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fabrinet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,165,464.00 in company stock.
Percentage Held by Insiders
Only 0.50% of the stock of Fabrinet is held by insiders.
Percentage Held by Institutions
97.38% of the stock of Fabrinet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Fabrinet are expected to grow by 13.95% in the coming year, from $7.17 to $8.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fabrinet is 24.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fabrinet is 24.79, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 272.75.
Price to Book Value per Share Ratio
Fabrinet has a P/B Ratio of 4.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Fabrinet (NYSE:FN) Stock

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. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in Grand Cayman, the Cayman Islands.

FN Price History

30 days | 90 days | 365 days | Advanced Chart

FN Stock News Headlines

September 28, 2023 | marketbeat.com

5 Cheap Ways to Ride The AI Supercycle to Profits (FN)

The 4th Industrial Revolution gained momentum with the advance of AI, and these stocks are poised to benefit over the long term

September 29, 2023 | finance.yahoo.com

Fabrinet (FN) Soars 5.7%: Is Further Upside Left in the Stock?

October 1, 2023 | Weiss Ratings (Ad)

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After the massive market collapse and several huge scandals last year, a lot of experts are saying the crypto markets are just one more step away from going to zero. But are they right?

September 12, 2023 | finance.yahoo.com

What Made Fabrinet (FN) Outperform in Q2?

August 31, 2023 | benzinga.com

Massive Insider Trade At Fabrinet

August 31, 2023 | msn.com

Fabrinet (FN) Price Target Increased by 20.80% to 167.08

August 30, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Fabrinet

August 29, 2023 | finance.yahoo.com

Top 5 High-Flying Mid-Cap Stocks Despite a Volatile August

October 1, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

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August 25, 2023 | fool.com

Why Fabrinet Stock Is Skyrocketing Today

August 22, 2023 | msn.com

Lake Street Maintains Fabrinet (FN) Buy Recommendation