Fabrinet (NYSE:FN) Upgraded to Overweight at Fox Advisors

Fabrinet (NYSE:FN) was upgraded by Fox Advisors from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, MarketBeat reports.

Several other research analysts have also weighed in on FN. Needham & Company LLC restated a “buy” rating and set a $650.00 price objective on shares of Fabrinet in a research note on Tuesday. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on Fabrinet from $680.00 to $695.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings cut Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $649.50.

Fabrinet Trading Down 19.7%

NYSE:FN opened at $480.36 on Wednesday. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89. The firm has a fifty day simple moving average of $524.36 and a 200 day simple moving average of $569.25. The stock has a market capitalization of $17.21 billion, a PE ratio of 36.81 and a beta of 1.23.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 earnings per share. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. On average, equities analysts predict that Fabrinet will post 16.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 directly owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fabrinet

A number of large investors have recently made changes to their positions in FN. Ashton Thomas Private Wealth LLC acquired a new position in Fabrinet in the 1st quarter valued at $203,000. Empowered Funds LLC bought a new stake in shares of Fabrinet in the first quarter valued at about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after acquiring an additional 3,717 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Fabrinet in the second quarter valued at about $214,000. Finally, EverSource Wealth Advisors LLC increased its position in Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares during the period. Institutional investors own 97.38% of the company’s stock.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fourth-quarter revenue of $1.316 billion, up 45% year over year, while non-GAAP EPS of $4.10 exceeded consensus expectations. Fiscal 2026 revenue rose 36% to $4.64 billion, and annual non-GAAP EPS increased to $14.09. Fabrinet quarterly earnings report
• Positive Sentiment: Data-center revenue surged 68%, reportedly pushing data-center interconnect sales above a $1 billion annualized run rate. Management cited strong demand, new transceiver ramps and additional capacity as drivers of continued growth in fiscal 2027. Fabrinet Q4 earnings and data-center growth
• Positive Sentiment: Fiscal first-quarter guidance was above analyst expectations, with revenue projected at $1.375 billion to $1.425 billion and non-GAAP EPS of $4.10 to $4.25. Rosenblatt and Needham reaffirmed Buy ratings, while JPMorgan raised its price target to $695. Analyst forecasts following Fabrinet results
• Neutral Sentiment: The results reinforce Fabrinet’s growing exposure to AI infrastructure customers, including Cisco, Nvidia, Amazon and Nokia, but also highlight concentration and execution risks if data-center spending or customer demand slows. Fabrinet AI infrastructure customers
• Negative Sentiment: Investors were concerned that capital expenditures jumped to approximately $252.5 million, reducing fiscal-year free cash flow to just $4.2 million from $207.3 million. Inventory also increased to roughly $1.02 billion, and new borrowing by a Thai subsidiary raised concerns about working-capital needs and financing risk. Fabrinet cash flow and inventory analysis
• Negative Sentiment: Quarterly margins were viewed as softer than expected, while reports of weakness in Nvidia’s datacom business overshadowed strength in telecom. The selloff also spread across optical and AI hardware peers amid a broader risk-off market environment. Fabrinet shares and Nvidia datacom weakness

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.