Fabrinet - FN Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FN shares.
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5 Wall Street research analysts have issued 1 year price targets for Fabrinet's shares. Their FN share price forecasts range from $115.00 to $158.00. On average, they predict the company's share price to reach $146.80 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
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Fabrinet's stock was trading at $128.22 at the beginning of the year. Since then, FN stock has decreased by 4.3% and is now trading at $122.67.
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Fabrinet saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 605,400 shares, an increase of 50.0% from the December 15th total of 403,600 shares. Based on an average daily trading volume, of 192,500 shares, the short-interest ratio is currently 3.1 days. Approximately 1.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Fabrinet (NYSE:FN) posted its quarterly earnings results on Sunday, October, 31st. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.12. The technology company earned $543.32 million during the quarter, compared to analyst estimates of $522.60 million. Fabrinet had a net margin of 9.47% and a trailing twelve-month return on equity of 18.61%. Fabrinet's revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share.

Fabrinet updated its third quarter 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share (EPS) guidance of $1.86-$1.93 for the period, compared to the consensus estimate of $1.84. The company issued revenue guidance of $640.00 million-$660.00 million, compared to the consensus revenue estimate of $657.59 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), onsemi (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 institutional and retail investors. Top institutional investors include Paradigm Capital Management Inc. NY (1.48%), Vaughan Nelson Investment Management L.P. (1.16%), WCM Investment Management LLC (0.98%), Analog Century Management LP (0.29%), Zurcher Kantonalbank Zurich Cantonalbank (0.29%) and Swiss National Bank (0.24%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Harpal Gill, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng.
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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 $122.67.

Fabrinet (NYSE:FN) has a market capitalization of $4.49 billion and generates $2.48 billion in revenue each year. The technology company earns $200.38 million in net income (profit) each year or $6.33 on an earnings per share basis.

The company employs 14,235 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.