NYSE:FN Fabrinet (FN) Stock Forecast, Price & News $114.85 +3.58 (+3.22%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$111.44▼$115.1650-Day Range$91.23▼$118.9652-Week Range$74.57▼$140.18Volume313,529 shsAverage Volume302,743 shsMarket Capitalization$4.17 billionP/E Ratio17.45Dividend YieldN/APrice Target$122.57 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Fabrinet MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.7% Upside$122.57 Price TargetShort InterestHealthy2.12% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.36Based on 12 Articles This WeekInsider TradingSelling Shares$137,270 Sold Last QuarterProj. Earnings Growth2.77%From $6.85 to $7.04 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.68 out of 5 starsComputer And Technology Sector362nd out of 604 stocksTelephone & Telegraph Apparatus Industry8th out of 12 stocks 1.3 Analyst's Opinion Consensus RatingFabrinet has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $122.57, Fabrinet has a forecasted upside of 6.7% from its current price of $114.85.Amount of Analyst CoverageFabrinet has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.12% of the float of Fabrinet has been sold short.Short Interest Ratio / Days to CoverFabrinet has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Fabrinet has recently increased by 24.15%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldFabrinet does not currently pay a dividend.Dividend GrowthFabrinet does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FN. Previous Next 1.9 News and Social Media Coverage News SentimentFabrinet has a news sentiment score of 0.36. 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 lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Fabrinet this week, compared to 4 articles on an average week.Search InterestOnly 9 people have searched for FN on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $137,270.00 in company stock.Percentage Held by InsidersOnly 0.50% of the stock of Fabrinet is held by insiders.Percentage Held by Institutions97.13% of the stock of Fabrinet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fabrinet are expected to grow by 2.77% in the coming year, from $6.85 to $7.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fabrinet is 17.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Fabrinet is 17.45, 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 346.45.Price to Book Value per Share RatioFabrinet has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fabrinet (NYSE:FN) StockFabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm's engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors, subsystems, customized optics, and optical modules and components. The company was founded by David Thomas Mitchell on August 12, 1999 and is headquartered in George Town, Cayman Islands.Read More Receive FN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fabrinet and its competitors with MarketBeat's FREE daily newsletter. Email Address FN Stock News HeadlinesJune 1, 2023 | finance.yahoo.comFabrinet to Present at Rosenblatt Securities 3rd Annual Technology SummitMay 30, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Sees Significant Growth in Short InterestJune 2, 2023 | Behind the Markets (Ad)⚡ 2,467% Return on Israeli Laser Company?This advanced laser system is active in 80 countries around the world. And at the center of this massive market is a small firm in Israel. Our research shows that anyone who gets in today could see a return of 2,467%. But that's only if the company doesn't get taken over for a fast 300% gain first.May 30, 2023 | americanbankingnews.comBrokers Offer Predictions for Fabrinet's Q1 2024 Earnings (NYSE:FN)May 27, 2023 | finance.yahoo.comFabrinet (NYSE:FN) stock performs better than its underlying earnings growth over last five yearsMay 27, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Trading Up 5.3%May 25, 2023 | msn.comBuy Fabrinet On Discounted ValuationMay 23, 2023 | finance.yahoo.comBrokers Suggest Investing in Fabrinet (FN): Read This Before Placing a BetJune 2, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 21, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Research Coverage Started at StockNews.comMay 21, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Receives $122.57 Consensus Price Target from BrokeragesMay 18, 2023 | finance.yahoo.comFabrinet to Present at J.P. Morgan ConferenceMay 12, 2023 | finance.yahoo.comInvestors Heavily Search Fabrinet (FN): Here is What You Need to KnowMay 11, 2023 | msn.comNorthland Capital Markets Maintains Fabrinet (FN) Outperform RecommendationMay 11, 2023 | americanbankingnews.comNorthland Securities Lowers Fabrinet (NYSE:FN) Price Target to $135.00May 10, 2023 | markets.businessinsider.comLake Street Reaffirms Their Buy Rating on Fabrinet (FN)May 10, 2023 | nasdaq.comNeedham Reiterates Fabrinet (FN) Buy RecommendationMay 8, 2023 | finance.yahoo.comFabrinet Announces Third Quarter Fiscal Year 2023 Financial ResultsMay 8, 2023 | finance.yahoo.comFabrinet (FN) Q3 Earnings and Revenues Top EstimatesMay 4, 2023 | finance.yahoo.comFabrinet (FN) to Report Q3 Earnings: What's in the Cards?May 4, 2023 | finance.yahoo.comDoes Fabrinet (NYSE:FN) Deserve A Spot On Your Watchlist?May 4, 2023 | finance.yahoo.comShould You Hold Fabrinet (FN) for the Long Term?May 1, 2023 | americanbankingnews.comFabrinet (FN) to Release Earnings on MondayApril 28, 2023 | finance.yahoo.comFabrinet (FN) is Attracting Investor Attention: Here is What You Should KnowApril 26, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Receives $125.43 Average Target Price from AnalystsApril 24, 2023 | finance.yahoo.comFabrinet to Announce Third Quarter 2023 Financial Results on May 8, 2023April 24, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Research Coverage Started at Lake Street CapitalSee More Headlines FN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FN Company Calendar Last Earnings10/31/2021Today6/02/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/21/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Telephone & telegraph apparatus Sub-IndustryElectronic Manufacturing Services SectorComputer and Technology Current SymbolNYSE:FN CUSIPG3323L10 CIK1408710 Webwww.fabrinet.com Phone(662) 524-9600FaxN/AEmployees14,235Year FoundedN/APrice Target and Rating Average Stock Price Forecast$122.57 High Stock Price Forecast$158.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+7.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$6.58 Trailing P/E Ratio17.36 Forward P/E Ratio16.68 P/E GrowthN/ANet Income$200.38 million Net Margins9.44% Pretax Margin9.74% Return on Equity18.55% Return on Assets12.97% Debt Debt-to-Equity RatioN/A Current Ratio3.07 Quick Ratio2.07 Sales & Book Value Annual Sales$2.26 billion Price / Sales1.83 Cash Flow$6.66 per share Price / Cash Flow17.16 Book Value$39.72 per share Price / Book2.88Miscellaneous Outstanding Shares36,300,000Free Float36,116,000Market Cap$4.15 billion OptionableOptionable Beta1.13 Key ExecutivesSeamus GradyChief Executive Officer & DirectorHarpal S. GillPresident & Chief Operating OfficerCsaba SverhaChief Financial Officer & Executive Vice PresidentColin R. CampbellVice President & General CounselEdward T. ArcherExecutive Vice President-Sales & MarketingKey CompetitorsCienaNYSE:CIENInfineraNASDAQ:INFNFreshworksNASDAQ:FRSHFive9NASDAQ:FIVNMACOM Technology SolutionsNASDAQ:MTSIView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 3,867 shares on 6/1/2023Ownership: 0.011%ProShare Advisors LLCSold 472 shares on 5/26/2023Ownership: 0.015%Homa BahramiSold 1,400 sharesTotal: $137,270.00 ($98.05/share)Ameriprise Financial Inc.Sold 20,877 shares on 5/22/2023Ownership: 0.712%JPMorgan Chase & Co.Bought 55,539 shares on 5/18/2023Ownership: 1.376%View All Insider TransactionsView All Institutional Transactions FN Stock - Frequently Asked Questions Should I buy or sell Fabrinet stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FN shares. View FN analyst ratings or view top-rated stocks. What is Fabrinet's stock price forecast for 2023? 6 Wall Street research analysts have issued twelve-month price objectives for Fabrinet's stock. Their FN share price forecasts range from $40.00 to $158.00. On average, they anticipate the company's stock price to reach $122.57 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View analysts price targets for FN or view top-rated stocks among Wall Street analysts. How have FN shares performed in 2023? Fabrinet's stock was trading at $128.22 at the beginning of the year. Since then, FN stock has decreased by 10.4% and is now trading at $114.90. View the best growth stocks for 2023 here. Are investors shorting Fabrinet? Fabrinet saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 765,000 shares, an increase of 24.1% from the April 30th total of 616,200 shares. Based on an average daily volume of 309,700 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.1% of the company's shares are sold short. View Fabrinet's Short Interest. When is Fabrinet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023. View our FN earnings forecast. How were Fabrinet's earnings last quarter? Fabrinet (NYSE:FN) announced its quarterly earnings data on Sunday, October, 31st. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.12. The technology company had revenue of $543.32 million for the quarter, compared to the consensus estimate of $522.60 million. Fabrinet had a trailing twelve-month return on equity of 18.55% and a net margin of 9.44%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. What ETFs hold Fabrinet's stock? 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), Invesco S&P SmallCap Quality ETF (XSHQ), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), Vanguard S&P Small-Cap 600 Growth Index Fund (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Fidelity Small-Mid Cap Opportunities ETF (FSMO). What guidance has Fabrinet issued on next quarter's earnings? Fabrinet updated its fourth quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share guidance of $1.76-$1.83 for the period, compared to the consensus EPS estimate of $1.92. The company issued revenue guidance of $630.00 million-$650.00 million, compared to the consensus revenue estimate of $670.68 million. What is Tom Mitchell's approval rating as Fabrinet's CEO? 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. What other stocks do shareholders of Fabrinet own? 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). What is Fabrinet's stock symbol? Fabrinet trades on the New York Stock Exchange (NYSE) under the ticker symbol "FN." Who are Fabrinet's major shareholders? Fabrinet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.78%), FMR LLC (4.92%), Wasatch Advisors LP (4.08%), Dimensional Fund Advisors LP (3.70%), State Street Corp (3.44%) and Artisan Partners Limited Partnership (2.32%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng. View institutional ownership trends. How do I buy shares of Fabrinet? 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. Compare Top Brokerages Here. What is Fabrinet's stock price today? One share of FN stock can currently be purchased for approximately $114.90. How much money does Fabrinet make? Fabrinet (NYSE:FN) has a market capitalization of $4.17 billion and generates $2.26 billion in revenue each year. The technology company earns $200.38 million in net income (profit) each year or $6.58 on an earnings per share basis. How many employees does Fabrinet have? The company employs 14,235 workers across the globe. How can I contact Fabrinet? 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. This page (NYSE:FN) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fabrinet Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.