Key Points
- Fabrinet EVP Edward Archer sold 2,500 shares at an average price of $385.91, generating $964,775. Following the sale, he retained 7,007 shares, reducing his position by 26.3%.
- Fabrinet recently reported strong quarterly results, with EPS of $4.10 versus the $3.81 consensus and revenue of $1.32 billion, up 44.6% year over year.
- Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds giving the stock a “Moderate Buy” consensus and an average price target of $649.50.
Fabrinet (NYSE:FN - Get Free Report) EVP Edward Archer sold 2,500 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the transaction, the executive vice president directly owned 7,007 shares of the company's stock, valued at approximately $2,704,071.37. This trade represents a 26.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Fabrinet Stock Up 0.1%
Shares of Fabrinet stock opened at $395.59 on Friday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 30.31 and a beta of 1.21. Fabrinet has a 12-month low of $342.44 and a 12-month high of $748.89. The firm's 50-day moving average price is $484.61 and its two-hundred day moving average price is $564.86.
Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.81 by $0.29. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The business's revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 EPS. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. On average, sell-side analysts expect that Fabrinet will post 17.5 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on FN shares. Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Fabrinet in a research note on Tuesday, August 18th. Weiss Ratings raised shares of Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Barclays increased their price objective on shares of Fabrinet from $702.00 to $739.00 and gave the company an "overweight" rating in a research note on Tuesday, August 18th. Finally, Fox Advisors raised Fabrinet from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $649.50.
Check Out Our Latest Report on FN
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of FN. California State Teachers Retirement System increased its stake in shares of Fabrinet by 72,124.7% in the second quarter. California State Teachers Retirement System now owns 30,151,657 shares of the technology company's stock worth $16,947,643,000 after buying an additional 30,109,910 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company's stock worth $1,839,891,000 after acquiring an additional 2,504,841 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company's stock valued at $524,432,000 after purchasing an additional 553,196 shares during the period. Geode Capital Management LLC lifted its stake in shares of Fabrinet by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company's stock valued at $504,886,000 after purchasing an additional 50,708 shares during the period. Finally, JPMorgan Chase & Co. boosted its position 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 valued at $485,063,000 after purchasing an additional 419,081 shares in the last quarter. 97.38% of the stock is owned by institutional investors.
Fabrinet Company Profile
(
Get Free Report)
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.
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