Fabrinet’s (FN) Buy Rating Reaffirmed at Needham & Company LLC

Fabrinet (NYSE:FN)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Tuesday,Benzinga reports. They presently have a $540.00 target price on the technology company’s stock. Needham & Company LLC’s price target points to a potential upside of 8.04% from the stock’s current price.

Several other equities research analysts have also issued reports on FN. JPMorgan Chase & Co. raised their target price on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a research note on Tuesday. Barclays set a $548.00 target price on Fabrinet and gave the company an “overweight” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $478.50.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $499.83 on Tuesday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 51.48 and a beta of 1.04. The stock has a 50 day moving average price of $473.49 and a 200-day moving average price of $406.16. Fabrinet has a one year low of $148.55 and a one year high of $531.22.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.Fabrinet’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total value of $1,021,108.00. Following the completion of the sale, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Homa Bahrami sold 3,500 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the transaction, the director directly owned 18,316 shares in the company, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 28,151 shares of company stock worth $12,643,707 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Several hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in shares of Fabrinet by 136.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 289 shares of the technology company’s stock worth $132,000 after buying an additional 167 shares in the last quarter. Highland Capital Management LLC bought a new stake in shares of Fabrinet in the fourth quarter valued at about $220,000. Principal Financial Group Inc. lifted its stake in Fabrinet by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock worth $85,539,000 after acquiring an additional 7,233 shares during the period. Truist Financial Corp grew its holdings in Fabrinet by 7.0% during the 4th quarter. Truist Financial Corp now owns 5,064 shares of the technology company’s stock worth $2,305,000 after acquiring an additional 333 shares in the last quarter. Finally, Horizon Investments LLC bought a new position in Fabrinet during the 4th quarter worth about $281,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Record revenue and EPS beat: Fabrinet reported Q2 revenue of ~$1.13B (year?over?year growth ~36%) and EPS consistent with the company release ($3.36), topping headline consensus and showing strong top?line demand. Fabrinet (FN) Q2 2026 Earnings Call Highlights
• Positive Sentiment: Ahead?of?consensus guidance: Management set Q3 FY2026 EPS guidance of $3.45–$3.60 and revenue guidance (~$1.2B) above Street expectations, supporting continued growth into the next quarter. Fabrinet Announces Second Quarter Fiscal Year 2026 Financial Results
• Neutral Sentiment: Analyst views and valuations are mixed: several firms maintain buy ratings and lofty price targets (median ~\$538), but valuation is elevated (P/E ~51) after a large one?year rally — this increases sensitivity to any near?term miss. Fabrinet (FN) Stock Falls on Q2 2026 Earnings
• Neutral Sentiment: Full earnings call and transcript are available for details on customer timing, product ramps (AI/HPC exposure) and FX commentary — useful for parsing whether weakness is operational or timing?related. Fabrinet (FN) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Shares fell sharply despite the beat: multiple outlets reported a significant intraday sell?off — the market appears focused on items beyond headline revenue/EPS. Fabrinet shares tumble despite record Q2 results
• Negative Sentiment: Cash flow and balance?sheet signals raised concerns: third?party summaries flagged a sharp drop in operating cash flow, large increase in capex and lower cash balances year?over?year — these can pressure near?term liquidity and investor sentiment. Fabrinet (FN) Stock Falls on Q2 2026 Earnings
• Negative Sentiment: Perception of mixed metrics: while company releases show EPS beat, some outlets reported different diluted EPS figures or misses on specific measures — any apparent inconsistency can amplify selling in a richly valued stock. Fabrinet crashes despite strong Q2 results, guidance
• Negative Sentiment: Insider selling and profit?taking after a large rally: datasets cited recent insider sales and a ~126% one?year rally — these dynamics can accentuate post?earnings pullbacks. Fabrinet (FN) Stock Falls on Q2 2026 Earnings

About Fabrinet

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.