FabrinetFN
Market Cap: $7.62B
About: Fabrinet provides advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly, and testing. The company generates the majority of its revenue from North America and Asia-Pacific, with the rest from Europe.
Employees: 14,213
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
51% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 55
34% more call options, than puts
Call options by funds: $22.2M | Put options by funds: $16.5M
28% more capital invested
Capital invested by funds: $7.17B [Q1] → $9.17B (+$2B) [Q2]
7% more funds holding
Funds holding: 400 [Q1] → 428 (+28) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
0.7% less ownership
Funds ownership: 104.53% [Q1] → 103.82% (-0.7%) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 165
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
JP Morgan Samik Chatterjee 52% 1-year accuracy 30 / 58 met price target | 35%upside $285 | Neutral Maintained | 20 Aug 2024 |
B. Riley Securities Dave Kang 63% 1-year accuracy 10 / 16 met price target | 7%downside $196 | Neutral Maintained | 20 Aug 2024 |
Rosenblatt Mike Genovese 63% 1-year accuracy 22 / 35 met price target | 33%upside $280 | Buy Maintained | 20 Aug 2024 |
Needham Alex Henderson 68% 1-year accuracy 63 / 92 met price target | 33%upside $280 | Buy Maintained | 20 Aug 2024 |
JP Morgan Samik Chatterjee 52% 1-year accuracy 30 / 58 met price target | 14%upside $240 | Neutral Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 15 articles about FN published over the past 30 days