Should I buy or sell Fabrinet stock right now?

7 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" FN shares. View FN analyst ratings or view top-rated stocks .

What is Fabrinet's stock price target for 2024?

7 brokerages have issued 12 month target prices for Fabrinet's shares. Their FN share price targets range from $28.00 to $230.00. On average, they predict the company's stock price to reach $148.57 in the next year. This suggests that the stock has a possible downside of 24.2%. View analysts price targets for FN or view top-rated stocks among Wall Street analysts .

How have FN shares performed in 2024?

Fabrinet's stock was trading at $190.33 at the beginning of 2024. Since then, FN stock has increased by 3.0% and is now trading at $196.07. View the best growth stocks for 2024 here .

Are investors shorting Fabrinet?

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. Approximately 2.4% of the shares of the stock are short sold. View Fabrinet's Short Interest .

When is Fabrinet's next earnings date?

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

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) released its quarterly earnings data on Sunday, October, 31st. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.12. The technology company earned $543.32 million during the quarter, compared to analysts' expectations of $522.60 million. Fabrinet had a net margin of 9.35% and a trailing twelve-month return on equity of 17.27%. The company's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share.

What ETFs hold Fabrinet's stock?

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) .

What guidance has Fabrinet issued on next quarter's earnings?

Fabrinet issued an update on 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 EPS 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.

What is Tom Mitchell's approval rating as Fabrinet's CEO?

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.

What other stocks do shareholders of Fabrinet own?

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) .

Who are Fabrinet's major shareholders?

Fabrinet's stock is owned by many different institutional and retail investors. Top institutional investors 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 .

How do I buy shares of Fabrinet?

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. Compare Top Brokerages Here .

NYSE:FN

Fabrinet (FN) Stock Price, News & Analysis

$196.07

+3.74 (+1.94%)

(As of 02/8/2024 ET)

Compare

Today's Range: $192.41
▼
$202.12
50-Day Range: $161.90
▼
$223.60
52-Week Range: $90.19
▼
$229.02

Volume: 634,878 shs
Average Volume: 453,437 shs
Market Capitalization: $7.12 billion

P/E Ratio: 28.33
Dividend Yield: N/A
Price Target: $148.57

Get Fabrinet alerts:

Fabrinet MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 24.2% Downside
$148.57 Price Target
Short Interest: Healthy
2.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 29 Articles This Week
Insider Trading: Selling Shares
$1.05 M Sold Last Quarter
Proj. Earnings Growth: 13.70%
From $7.52 to $8.55 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.58 out of 5 stars

Computer And Technology Sector

327th out of 578 stocks

Telephone & Telegraph Apparatus Industry

4th out of 9 stocks

1.3

Analyst's Opinion

Consensus Rating
Fabrinet has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $148.57, Fabrinet has a forecasted downside of 24.2% from its current price of $196.07.
Amount of Analyst Coverage
Fabrinet has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.44% of the float of Fabrinet has been sold short.
Short Interest Ratio / Days to Cover
Fabrinet has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fabrinet has recently decreased by 20.07%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Fabrinet does not currently pay a dividend.
Dividend Growth
Fabrinet does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FN.

3.0

News and Social Media Coverage

News Sentiment
Fabrinet has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for Fabrinet this week, compared to 4 articles on an average week.
Search Interest
21 people have searched for FN on MarketBeat in the last 30 days. This is an increase of 425% compared to the previous 30 days.
MarketBeat Follows
7 people have added Fabrinet to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fabrinet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,053,366.00 in company stock.
Percentage Held by Insiders
Only 0.51% of the stock of Fabrinet is held by insiders.
Percentage Held by Institutions
97.38% of the stock of Fabrinet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Fabrinet are expected to grow by 13.70% in the coming year, from $7.52 to $8.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fabrinet is 28.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fabrinet is 28.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 243.86.
Price to Book Value per Share Ratio
Fabrinet has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Fabrinet Stock (NYSE:FN)

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in Grand Cayman, the Cayman Islands.

FN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FN Stock News Headlines

February 6, 2024 | marketbeat.com

This mid-cap tech stock just jumped 30%...and is still cheap (FN)

Electronic manufacturing services provider Sanmina closed last week more than 12% off its $69.69 peak, making an already undervalued stock even less expensive.

February 8, 2024 | ca.finance.yahoo.com

Fabrinet (FAN.F) Interactive Stock Chart - Yahoo Finance

February 8, 2024 | Stansberry Research (Ad)

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February 7, 2024 | benzinga.com

Here's How Much You Would Have Made Owning Fabrinet Stock In The Last 10 Years

February 7, 2024 | americanbankingnews.com

Fabrinet (NYSE:FN) Receives Buy Rating from Rosenblatt Securities

February 6, 2024 | marketwatch.com

Fabrinet Shares Drop 23% After 2Q EPS Misses Expectations

February 6, 2024 | realmoney.thestreet.com

Fabrinet just downgraded at Northland, here's why

February 6, 2024 | finance.yahoo.com

Fabrinet (NYSE:FN) Q2 2024 Earnings Call Transcript

February 8, 2024 | Stansberry Research (Ad)

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February 5, 2024 | seekingalpha.com

Fabrinet 2024 Q2 - Results - Earnings Call Presentation

February 5, 2024 | chron.com

Fabrinet: Fiscal Q2 Earnings Snapshot

February 5, 2024 | msn.com

Fabrinet Non-GAAP EPS of $2.08 beats by $0.05, revenue of $712.7M beats by $17.31M

February 5, 2024 | finance.yahoo.com

Fabrinet Announces Second Quarter Fiscal Year 2024 Financial Results

February 5, 2024 | finance.yahoo.com

Fabrinet (FN) Posts Record Revenue and Earnings Per Share in Q2 Fiscal Year 2024

February 5, 2024 | ca.finance.yahoo.com

FN Apr 2024 290.000 call

February 4, 2024 | msn.com

Fabrinet Q2 2024 Earnings Preview

February 4, 2024 | markets.businessinsider.com

Here's what to expect from Fabrinet's earnings report

February 3, 2024 | finance.yahoo.com

Estimating The Fair Value Of Fabrinet (NYSE:FN)

February 2, 2024 | benzinga.com

Earnings Preview For Fabrinet

January 29, 2024 | finance.yahoo.com

Fabrinet (FN) Reports Next Week: Wall Street Expects Earnings Growth

January 29, 2024 | americanbankingnews.com

Fabrinet (FN) Set to Announce Quarterly Earnings on Monday

January 23, 2024 | finance.yahoo.com

Fabrinet Publishes 2023 Sustainability Report

January 22, 2024 | finance.yahoo.com

Fabrinet to Announce Second Quarter Fiscal Year 2024 Financial Results on February 5, 2024

January 22, 2024 | finance.yahoo.com

Fabrinet (FN) Hit a 52 Week High, Can the Run Continue?

January 14, 2024 | benzinga.com

Fabrinet Stock (NYSE:FN) Insider Trades

January 10, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights nVent Electric, Fabrinet and Stoneridge

January 8, 2024 | finance.yahoo.com

5 Low-Leverage Stocks to Buy Amid Mixed Investor Sentiments

See More Headlines

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Company Calendar

Last Earnings: 10/31/2021
Today: 2/08/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Telephone & telegraph apparatus
Sub-Industry: Electronic Manufacturing Services
Current Symbol: NYSE:FN
CUSIP: G3323L10
CIK: 1408710
Web: www.fabrinet.com
Phone: (662) 524-9600
Fax: N/A
Employees: 14,663
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $148.57
High Stock Price Target: $230.00
Low Stock Price Target: $28.00
Potential Upside/Downside: -24.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.92
Trailing P/E Ratio: 28.49
Forward P/E Ratio: 26.21
P/E Growth: N/A
Net Income: $247.91 million
Net Margins: 9.35%
Pretax Margin: 10.06%
Return on Equity: 17.27%
Return on Assets: 12.81%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.71
Quick Ratio: 2.75

Sales & Book Value

Annual Sales: $2.65 billion
Price / Sales: 2.71
Cash Flow: $8.89 per share
Price / Cash Flow: 22.17
Book Value: $44.35 per share
Price / Book: 4.44

Miscellaneous

Outstanding Shares: 36,330,000
Free Float: 36,146,000
Market Cap: $7.16 billion
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. David T. Mitchell (Age 82)
Founder & Chairman
Comp: $265k
Mr. Seamus Grady (Age 57)
CEO & Director
Comp: $2.74M
Dr. Harpal S. Gill (Age 71)
President & COO
Comp: $3.12M
Mr. Csaba Sverha (Age 45)
Executive VP & CFO
Comp: $1.3M
Mr. Edward T. Archer (Age 61)
Executive Vice President of Sales & Marketing
Comp: $977.54k
Mr. Colin R. Campbell
VP & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FN Stock Analysis - Frequently Asked Questions

Should I buy or sell Fabrinet stock right now?: 7 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" FN shares.
View FN analyst ratings or view top-rated stocks.
What is Fabrinet's stock price target for 2024?: 7 brokerages have issued 12 month target prices for Fabrinet's shares. Their FN share price targets range from $28.00 to $230.00. On average, they predict the company's stock price to reach $148.57 in the next year. This suggests that the stock has a possible downside of 24.2%.
View analysts price targets for FN or view top-rated stocks among Wall Street analysts.
How have FN shares performed in 2024?: Fabrinet's stock was trading at $190.33 at the beginning of 2024. Since then, FN stock has increased by 3.0% and is now trading at $196.07.
View the best growth stocks for 2024 here.
Are investors shorting Fabrinet?: 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. Approximately 2.4% of the shares of the stock are short sold.
View Fabrinet's Short Interest.
When is Fabrinet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our FN earnings forecast.
How were Fabrinet's earnings last quarter?: Fabrinet (NYSE:FN) released its quarterly earnings data on Sunday, October, 31st. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.12. The technology company earned $543.32 million during the quarter, compared to analysts' expectations of $522.60 million. Fabrinet had a net margin of 9.35% and a trailing twelve-month return on equity of 17.27%. The company's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share.

What ETFs hold Fabrinet's stock?: 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).
What guidance has Fabrinet issued on next quarter's earnings?: Fabrinet issued an update on 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 EPS 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.
What is Tom Mitchell's approval rating as Fabrinet's CEO?: 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.
What other stocks do shareholders of Fabrinet own?: 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).
Who are Fabrinet's major shareholders?: Fabrinet's stock is owned by many different institutional and retail investors. Top institutional investors 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.
How do I buy shares of Fabrinet?: 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.
Compare Top Brokerages Here.

This page (NYSE:FN) was last updated on 2/8/2024 by MarketBeat.com Staff

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