Fabrinet
FN

$220.94

2.08%

Market Cap: 7.99B

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

Communication Services Telephone & Telegraph Apparatus

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 8 analysts

0

News positive %

of 4 articles

Fund manager confidence

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

89% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 36

9% more funds holding

Funds holding: 362 [Q4 2023] → 394 (+32) [Q1 2024]

2.71% more ownership

Funds ownership: 100.66% [Q4 2023] → 103.36% (+2.71%) [Q1 2024]

2% more capital invested

Capital invested by funds: $6.96B [Q4 2023] → $7.09B (+$128M) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 143 | Existing positions reduced: 143

29% less funds holding in top 10

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

38% less call options, than puts

Call options by funds: $17.5M | Put options by funds: $28.2M

See Fund Rankings

Research analyst outlook

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

Low target

$171

23%

downside

Avg. target

$213

4%

downside

High target

$230

4%

upside

8 analyst ratings

4 positive

50%

4 neutral

50%

0 negative

0%

Jefferies George Notter	4%upside $230	Hold Initiated	26 Jun 2024
B. Riley Securities Dave Kang	23%downside $171	Neutral Maintained	7 May 2024
Needham Alex Henderson	0%downside $220	Buy Reiterated	7 May 2024
JP Morgan Samik Chatterjee	4%downside $212	Neutral Maintained	11 Apr 2024
Needham Alex Henderson	0%downside $220	Buy Maintained	22 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about FN published over the past 30 days

Fabrinet: The AI Secret Weapon Powering Nvidia's Data Center Boom

Fabrinet FN is quietly becoming a crucial player in the AI industry.

Fabrinet: The AI Secret Weapon Powering Nvidia's Data Center Boom

Zacks Investment Research

Will Fabrinet (FN) Beat Estimates Again in Its Next Earnings Report?

Fabrinet (FN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Fabrinet (FN) Beat Estimates Again in Its Next Earnings Report?

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Fabrinet Appoints Forbes Alexander to Board of Directors

BANGKOK--(BUSINESS WIRE)--Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Forbes Alexander has been appointed to the Company's Board of Directors, expanding the Board to eight members. Mr. Alexander will also serve as a member of the Board's Audit Committee. Mr. Alexander is an accomplished leader who brings extensive.

Fabrinet Appoints Forbes Alexander to Board of Directors

Fabrinet to Present at Rosenblatt Securities 4th Annual Technology Summit

BANGKOK--(BUSINESS WIRE)--Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present virtually at the Rosenblatt Securities 4th Annual Technology Summit. The Fabrinet presentation is scheduled for Thursday, June 13, 2024 at 12:00 p.m. EDT (9:00 a.m. PDT). A live webcast, as well as a replay, will be a.

Fabrinet to Present at Rosenblatt Securities 4th Annual Technology Summit

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Fabrinet: Strong Momentum And Cash Flow Growth (SA Quant)

Fabrinet is up almost 150% in the last year, and achieved record sales and earnings in the most recent quarter, boosted by AI-driven demand. The company has strong growth potential, with forward FCF per share growth of ~100% and forward EPS growth at 15%. FN has significantly outperformed the sector in returns on equity, assets, and total capital employed and has a rock-solid balance sheet.

Fabrinet: Strong Momentum And Cash Flow Growth (SA Quant)

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