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Fabrinet
FN

$240.92
1.75%
 

About: Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.

Employees: 14,663

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 41

7% more funds holding

Funds holding: 363 [Q4 2023] → 390 (+27) [Q1 2024]

2.4% more ownership

Funds ownership: 100.7% [Q4 2023] → 103.1% (+2.4%) [Q1 2024]

2% more capital invested

Capital invested by funds: $6.97B [Q4 2023] → $7.07B (+$106M) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 141

28% less call options, than puts

Call options by funds: $16.4M | Put options by funds: $22.8M

29% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 5 (-2) [Q1 2024]

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$171
29%
downside
Avg. target
$210
13%
downside
High target
$230
5%
downside

8 analyst ratings

positive
50%
neutral
50%
negative
0%
B. Riley Securities
Dave Kang
29%downside
$171
Neutral
Maintained
7 May 2024
Needham
Alex Henderson
9%downside
$220
Buy
Reiterated
7 May 2024
JP Morgan
Samik Chatterjee
12%downside
$212
Neutral
Maintained
11 Apr 2024
Needham
Alex Henderson
9%downside
$220
Buy
Maintained
22 Mar 2024
Northland Capital Markets
Tim Savageaux
9%downside
$220
Outperform
Upgraded
21 Mar 2024

Financial journalist opinion

Based on 6 articles about FN published over the past 30 days