NYSE:FN Fabrinet (FN) Stock Forecast, Price & News $118.39 -0.57 (-0.48%) (As of 05/30/2023 ET) Add Compare Share Share Today's Range$115.47▼$122.0150-Day Range$91.23▼$118.9652-Week Range$74.57▼$140.18Volume794,246 shsAverage Volume298,930 shsMarket Capitalization$4.30 billionP/E Ratio17.99Dividend 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/Downside3.5% Upside$122.57 Price TargetShort InterestHealthy2.12% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.42Based on 14 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.1.75 out of 5 starsComputer And Technology Sector505th out of 618 stocksTelephone & Telegraph Apparatus Industry11th 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 3.5% from its current price of $118.38.Amount of Analyst CoverageFabrinet has only been the subject of 3 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 2.5 News and Social Media Coverage News SentimentFabrinet has a news sentiment score of 0.42. 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 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Fabrinet this week, compared to 4 articles on an average week.Search Interest13 people have searched for FN on MarketBeat in the last 30 days. This is an increase of 160% 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 17.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Fabrinet is 17.99, 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 313.43.Price to Book Value per Share RatioFabrinet has a P/B Ratio of 3.47. P/B Ratios above 3 indicate that a company could be overvalued 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 HeadlinesMay 30, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Sees Significant Growth in Short InterestMay 30, 2023 | americanbankingnews.comBrokers Offer Predictions for Fabrinet's Q1 2024 Earnings (NYSE:FN)May 30, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost.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 BetMay 21, 2023 | americanbankingnews.comFabrinet (NYSE:FN) Research Coverage Started at StockNews.comMay 30, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 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 CapitalApril 23, 2023 | americanbankingnews.comJPMorgan Chase & Co. Lowers Fabrinet (NYSE:FN) Price Target to $130.00See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings10/31/2021Today5/30/2023Fiscal 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+4.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$6.58 Trailing P/E Ratio17.78 Forward P/E Ratio17.08 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 / Sales1.88 Cash Flow$6.49 per share Price / Cash Flow18.03 Book Value$34.08 per share Price / Book3.43Miscellaneous Outstanding Shares36,300,000Free Float36,116,000Market Cap$4.25 billion OptionableOptionable Beta1.15 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 CompetitorsInfineraNASDAQ:INFNCienaNYSE:CIENVishay IntertechnologyNYSE:VSHAdvanced Energy IndustriesNASDAQ:AEISEvolent HealthNYSE:EVHView All CompetitorsInsiders & InstitutionsProShare 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%New York State Common Retirement FundSold 6,372 shares on 5/18/2023Ownership: 0.161%View All Insider TransactionsView All Institutional Transactions FN Stock - Frequently Asked Questions Should I buy or sell Fabrinet stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 12 month target prices for Fabrinet's shares. Their FN share price forecasts range from $40.00 to $158.00. On average, they anticipate the company's share price to reach $122.57 in the next year. This suggests a possible upside of 4.6% 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 8.6% and is now trading at $117.22. View the best growth stocks for 2023 here. Are investors shorting Fabrinet? Fabrinet saw a increase in short interest in 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 shares of the company are short sold. 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) issued its quarterly earnings data on Sunday, October, 31st. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.12. The technology company had revenue of $543.32 million for the quarter, compared to analyst estimates of $522.60 million. Fabrinet had a trailing twelve-month return on equity of 18.55% and a net margin of 9.44%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. 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 ETF (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 issued an update on its fourth quarter 2023 earnings guidance on Monday, May, 8th. The company provided EPS 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 variety 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 $117.22. How much money does Fabrinet make? Fabrinet (NYSE:FN) has a market capitalization of $4.26 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 5/30/2023 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. 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