Fabrinet - FN Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FN shares.
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7 Wall Street analysts have issued 12 month price targets for Fabrinet's shares. Their FN share price forecasts range from $88.00 to $130.00. On average, they predict the company's stock price to reach $113.17 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
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Fabrinet's stock was trading at $118.47 at the start of the year. Since then, FN stock has decreased by 15.0% and is now trading at $100.71.
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Fabrinet saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 691,800 shares, an increase of 35.7% from the July 15th total of 509,800 shares. Based on an average daily volume of 179,900 shares, the short-interest ratio is currently 3.8 days. Currently, 1.9% 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 15th 2022.
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Fabrinet (NYSE:FN) issued its quarterly earnings results on Sunday, October, 31st. The technology company reported $1.45 earnings per share for the quarter, beating 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 8.54% and a trailing twelve-month return on equity of 16.00%. The company's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share.

Fabrinet issued an update on its first quarter 2023 earnings guidance on Monday, August, 15th. The company provided EPS guidance of $1.72-$1.79 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of $620.00 million-$640.00 million, compared to the consensus revenue estimate of $596.15 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 institutional and retail investors. Top institutional shareholders include FMR LLC (3.75%), Victory Capital Management Inc. (2.66%), Artisan Partners Limited Partnership (2.64%), Paradigm Capital Management Inc. NY (1.55%), abrdn plc (1.26%) and Northern Trust Corp (1.09%). Insiders that own company 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.
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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 $100.71.

Fabrinet (NYSE:FN) has a market capitalization of $3.70 billion and generates $1.88 billion in revenue each year. The technology company earns $148.34 million in net income (profit) each year or $4.98 on an earnings per share basis.

The company employs 12,189 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.