Fabrinet (FN) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FN shares.
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7 analysts have issued 12-month price targets for Fabrinet's stock. Their FN share price forecasts range from $28.00 to $200.00. On average, they expect the company's share price to reach $125.13 in the next twelve months. This suggests that the stock has a possible downside of 20.4%.
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Fabrinet's stock was trading at $128.22 at the beginning of 2023. Since then, FN shares have increased by 22.5% and is now trading at $157.13.
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Fabrinet saw a increase in short interest in September. As of September 15th, there was short interest totaling 652,600 shares, an increase of 14.7% from the August 31st total of 569,000 shares. Based on an average trading volume of 316,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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Fabrinet (NYSE:FN) released its quarterly earnings data on Monday, August, 21st. The technology company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.06. The technology company had revenue of $655.87 million for the quarter, compared to analysts' expectations of $641.42 million. Fabrinet had a trailing twelve-month return on equity of 18.23% and a net margin of 9.37%. Fabrinet's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 EPS.

ETFs with the largest weight of Fabrinet (NYSE:FN) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Asian Growth Cubs ETF (CUBS), Janus Henderson Small Cap Growth Alpha ETF (JSML), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares S&P Small-Cap 600 Growth ETF (IJT).

Fabrinet issued an update on its first quarter 2024 earnings guidance on Tuesday, August, 22nd. The company provided earnings per share guidance of $1.83-$1.90 for the period, compared to the consensus estimate of $1.86. The company issued revenue guidance of $650.00 million-$670.00 million, compared to the consensus revenue estimate of $657.33 million.

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.77%), Capital International Investors (4.44%), Wasatch Advisors LP (3.49%), State Street Corp (3.47%), Dimensional Fund Advisors LP (3.22%) and Artisan Partners Limited Partnership (2.51%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady and Thomas F Kelly.
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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 $157.13.

Fabrinet (NYSE:FN) has a market capitalization of $5.69 billion and generates $2.65 billion in revenue each year. The technology company earns $247.91 million in net income (profit) each year or $6.72 on an earnings per share basis.

The company employs 14,663 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.