B. Riley Has Optimistic Outlook of Fabrinet Q2 Earnings

Fabrinet (NYSE:FN - Free Report) - B. Riley upped their Q2 2026 earnings per share estimates for shares of Fabrinet in a research note issued to investors on Tuesday, February 4th. B. Riley analyst D. Kang now expects that the technology company will earn $2.37 per share for the quarter, up from their prior estimate of $2.30. B. Riley has a "Sell" rating and a $178.00 price target on the stock. The consensus estimate for Fabrinet's current full-year earnings is $9.40 per share.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The technology company reported $2.38 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.10). Fabrinet had a return on equity of 18.48% and a net margin of 10.44%.

A number of other analysts also recently issued reports on FN. JPMorgan Chase & Co. cut their price target on shares of Fabrinet from $275.00 to $265.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and set a $280.00 target price on shares of Fabrinet in a research note on Tuesday, February 4th. Rosenblatt Securities boosted their price target on shares of Fabrinet from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Barclays dropped their price objective on shares of Fabrinet from $292.00 to $245.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $243.29.

Fabrinet Price Performance

Fabrinet stock traded down $1.07 during trading on Thursday, reaching $210.99. 468,269 shares of the company were exchanged, compared to its average volume of 744,838. The stock's 50 day simple moving average is $229.66 and its two-hundred day simple moving average is $233.72. The company has a market capitalization of $7.65 billion, a P/E ratio of 23.60 and a beta of 0.92. Fabrinet has a 52-week low of $159.69 and a 52-week high of $281.79.

Institutional Investors Weigh In On Fabrinet

A number of large investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Fabrinet by 304.6% in the 3rd quarter. Barclays PLC now owns 69,128 shares of the technology company's stock valued at $16,345,000 after acquiring an additional 52,042 shares during the last quarter. nVerses Capital LLC purchased a new position in Fabrinet in the third quarter valued at approximately $567,000. Charles Schwab Investment Management Inc. raised its holdings in Fabrinet by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,550 shares of the technology company's stock worth $113,621,000 after purchasing an additional 61,491 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fabrinet during the 3rd quarter worth approximately $2,398,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of Fabrinet by 40.7% in the 3rd quarter. Pathstone Holdings LLC now owns 8,219 shares of the technology company's stock valued at $1,943,000 after buying an additional 2,378 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Company Profile

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.