Rosenblatt Securities Reaffirms “Buy” Rating for Fabrinet (NYSE:FN)

Fabrinet (NYSE:FN)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They currently have a $750.00 price target on the technology company’s stock. Rosenblatt Securities’ price target points to a potential upside of 25.31% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings cut Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Barclays reiterated an “overweight” rating and set a $739.00 price objective on shares of Fabrinet in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Needham & Company LLC dropped their target price on Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $647.62.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $598.50 on Tuesday. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89. The firm has a market cap of $21.44 billion, a PE ratio of 51.42 and a beta of 1.23. The company has a 50 day simple moving average of $526.47 and a two-hundred day simple moving average of $569.40.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, research analysts anticipate that Fabrinet will post 12.97 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Fabrinet by 163.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after buying an additional 2,504,841 shares during the period. Wasatch Advisors LP increased its position in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares during the period. Paradigm Capital Management Inc. NY bought a new position in shares of Fabrinet during the second quarter valued at about $298,183,000. Norges Bank bought a new position in shares of Fabrinet during the fourth quarter valued at about $193,766,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fabrinet by 64.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after purchasing an additional 419,081 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Key Stories Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Record quarter and full-year growth: Fabrinet reported fourth-quarter revenue of $1.316 billion, up 45% year over year and above its guidance range. Fiscal 2026 revenue rose 36% to $4.64 billion, while GAAP diluted EPS increased to $3.83 from $2.42. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: AI and data-center demand remains powerful: Data-center revenue surged 68% in the quarter, and CEO Seamus Grady said he sees “no end in sight” to demand. The sustained expansion of AI infrastructure is supporting Fabrinet’s optical packaging and manufacturing businesses. Fabrinet CEO Sees No End in Sight to Data Center Demand
• Positive Sentiment: Non-GAAP earnings exceeded expectations: Adjusted EPS was $4.10 versus the roughly $3.81–$3.85 consensus range, and revenue also topped estimates of approximately $1.28 billion. Fabrinet Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Above-consensus outlook and analyst support: Fabrinet expects fiscal Q1 revenue of $1.375 billion to $1.425 billion and non-GAAP EPS of $4.10 to $4.25, both above consensus. Needham maintained a Buy rating and a $650 price target, citing strong demand and new capacity. Analyst Maintains Buy on Fabrinet
• Negative Sentiment: GAAP guidance created near-term caution: Fiscal Q1 GAAP EPS guidance of $3.39 to $3.54 is below the adjusted range because it includes approximately $0.40 per share of Pillar Two tax expense. The discrepancy prompted some investors to question near-term reported profitability despite the strong operating outlook. Why Fabrinet Is Trending

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.