Fabrinet Stock Price, News & Analysis (NYSE:FN)

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FN shares.
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8 brokerages have issued 12-month target prices for Fabrinet's shares. Their FN share price targets range from $28.00 to $230.00. On average, they predict the company's share price to reach $143.11 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
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Fabrinet's stock was trading at $128.22 at the beginning of 2023. Since then, FN shares have increased by 28.7% and is now trading at $165.00.
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Fabrinet saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,020,000 shares, an increase of 12.3% from the October 31st total of 908,100 shares. Based on an average trading volume of 337,700 shares, the short-interest ratio is currently 3.0 days. Currently, 2.8% of the shares of the stock are sold short.
View Fabrinet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our FN earnings forecast.

Fabrinet (NYSE:FN) issued its quarterly earnings results on Monday, November, 6th. The technology company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.14. The technology company had revenue of $685.48 million for the quarter, compared to the consensus estimate of $659.33 million. Fabrinet had a trailing twelve-month return on equity of 17.54% and a net margin of 9.28%.

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 updated its second quarter earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of $1.98-2.05 for the period, compared to the consensus estimate of $1.93. The company issued revenue guidance of $680-700 million, compared to the consensus revenue estimate of $680.73 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (5.47%), Wellington Management Group LLP (2.49%), Artisan Partners Limited Partnership (2.22%), Victory Capital Management Inc. (1.98%), Polar Capital Holdings Plc (1.49%) and JPMorgan Chase & Co. (1.47%). 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.
View institutional ownership trends.

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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