Fabrinet (FN) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FN shares.
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7 brokers have issued 1-year target prices for Fabrinet's stock. Their FN share price targets range from $28.00 to $230.00. On average, they expect the company's share price to reach $148.57 in the next twelve months. This suggests that the stock has a possible downside of 27.4%.
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Fabrinet's stock was trading at $190.33 on January 1st, 2024. Since then, FN stock has increased by 7.5% and is now trading at $204.56.
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Fabrinet saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 879,200 shares, a drop of 20.1% from the December 31st total of 1,100,000 shares. Based on an average trading volume of 308,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.4% of the company's stock are short sold.
View Fabrinet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our FN earnings forecast.

Fabrinet (NYSE:FN) issued its earnings results on Sunday, October, 31st. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.33 by $0.12. The technology company had revenue of $543.32 million for the quarter, compared to the consensus estimate of $522.60 million. Fabrinet had a trailing twelve-month return on equity of 17.27% and a net margin of 9.35%. Fabrinet's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share.

ETFs with the largest weight of Fabrinet (NYSE:FN) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Asian Growth Cubs ETF (CUBS), Janus Henderson Small Cap Growth Alpha ETF (JSML), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares S&P Small-Cap 600 Growth ETF (IJT).

Fabrinet updated its third quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of 2.080-2.150 for the period, compared to the consensus estimate of 2.110. The company issued revenue guidance of $705.0 million-$725.0 million, compared to the consensus revenue estimate of $718.4 million.

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include NVIDIA (NVDA), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), Onsemi (ON), Baidu (BIDU) and Block (SQ).

Fabrinet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.69%), Baillie Gifford & Co. (1.55%), Charles Schwab Investment Management Inc. (1.18%), Vaughan Nelson Investment Management L.P. (1.11%), Victory Capital Management Inc. (0.86%) and WCM Investment Management LLC (0.80%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady and Thomas F Kelly.
View institutional ownership trends.

Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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