Fabrinet (FN) Stock Forecast, Price & News

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.
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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.
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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 8.6% and is now trading at $117.22.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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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.

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).

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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "FN."

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.
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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 $117.22.

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.

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.