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 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Fabrinet stock.
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Fabrinet saw a increase in short interest in the month of July. As of July 30th, there was short interest totaling 386,600 shares, an increase of 20.7% from the July 15th total of 320,300 shares. Based on an average daily volume of 139,400 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.1% of the shares of the stock are sold short.
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Fabrinet is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Fabrinet.

Fabrinet (NYSE:FN) released its earnings results on Monday, August, 16th. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.09. The technology company had revenue of $509.60 million for the quarter, compared to analysts' expectations of $487.55 million. Fabrinet had a net margin of 7.89% and a trailing twelve-month return on equity of 14.33%. Fabrinet's quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 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 109.1% and is now trading at $106.80.
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Fabrinet issued an update on its first quarter 2022 earnings guidance on Monday, September, 13th. The company provided earnings per share (EPS) guidance of $1.290-$1.360 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.210. The company issued revenue guidance of $510 million-$530 million, compared to the consensus revenue estimate of $491.53 million.

8 analysts have issued 12-month price targets for Fabrinet's stock. Their forecasts range from $38.00 to $125.00. On average, they anticipate Fabrinet's stock price to reach $84.00 in the next twelve months. This suggests that the stock has a possible downside of 21.3%.
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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), Jabil (JBL), IPG Photonics (IPGP), Mercury Systems (MRCY), Sanmina (SANM), Plexus (PLXS), 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.19%), Vanguard Group Inc. (10.98%), Wasatch Advisors Inc. (8.81%), FMR LLC (4.68%), Dimensional Fund Advisors LP (4.32%) and State Street Corp (3.18%). 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 FMR LLC, Royal Bank of Canada, BlackRock Inc., LSV Asset Management, California Public Employees Retirement System, Tygh Capital Management Inc., Dimensional Fund Advisors LP, and Invesco Ltd.. Company insiders that have sold Fabrinet company stock in the last year include Csaba Sverha, Edward T Archer, Harpal Gill, Rollance E Olson, and Seamus Grady.
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 Capital International Investors, Clark Capital Management Group Inc., Victory Capital Management Inc., Cartica Management LLC, Wasatch Advisors Inc., Artisan Partners Limited Partnership, Morgan Stanley, and Morgan Stanley.
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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.
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One share of FN stock can currently be purchased for approximately $106.80.

Fabrinet has a market capitalization of $3.93 billion and generates $1.88 billion in revenue each year. The technology company earns $148.34 million in net income (profit) each year or $3.99 on an earnings per share basis.

Fabrinet employs 12,189 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]