Fabrinet (NYSE:FN) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Fabrinet (NYSE:FN) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

FN has been the subject of a number of other reports. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. B. Riley Financial lifted their price target on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Susquehanna lifted their price target on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Finally, Barclays lifted their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Price Performance

NYSE:FN traded up $47.45 during mid-day trading on Monday, reaching $605.17. The stock had a trading volume of 151,653 shares, compared to its average volume of 702,926. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 58.04 and a beta of 1.04. Fabrinet has a 1-year low of $167.33 and a 1-year high of $632.99. The stock’s 50 day simple moving average is $523.75 and its two-hundred day simple moving average is $468.79.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently bought and sold shares of FN. Core Wealth Advisors LLC acquired a new position in Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in Fabrinet in the fourth quarter valued at approximately $29,000. Harbour Investments Inc. boosted its stake in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet in the fourth quarter valued at approximately $32,000. Finally, Quarry LP boosted its stake in Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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.