Fabrinet (FN)

• Market cap: $8.52B
• 1 day: -6.81%
• 5 days: -14.04%
• 1 month: -8.08%
• 3 months: 1.90%
• 6 months: -0.78%
• Year to date: 24.17%
• 1 year: 37.13%
• 5 years: 285.89%
• 10 years: 1,295.42%
• Sector: Communication Services
• Industry: Telephone & Telegraph Apparatus

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 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 54

27% more repeat investments, than reductions

Existing positions increased: 184 | Existing positions reduced: 145

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

6% more funds holding

Funds holding: 431 [Q2] → 459 (+28) [Q3]

3.04% less ownership

Funds ownership: 105.4% [Q2] → 102.36% (-3.04%) [Q3]

6% less capital invested

Capital invested by funds: $9.31B [Q2] → $8.74B (-$577M) [Q3]

37% less call options, than puts

Call options by funds: $20.1M | Put options by funds: $31.9M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $194 17% downside
• Avg. target: $255 8% upside
• High target: $292 24% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Barclays George Wang 50% 1-year accuracy 8 / 16 met price target	24% upside $292	Equal-Weight Initiated	14 Nov 2024
B. Riley Securities Dave Kang 69% 1-year accuracy 11 / 16 met price target	17% downside $194	Neutral Maintained	5 Nov 2024
JP Morgan Samik Chatterjee 63% 1-year accuracy 40 / 63 met price target	21% upside $285	Neutral Maintained	20 Aug 2024
B. Riley Securities Dave Kang 69% 1-year accuracy 11 / 16 met price target	17% downside $196	Neutral Maintained	20 Aug 2024
Rosenblatt Mike Genovese 78% 1-year accuracy 29 / 37 met price target	19% upside $280	Buy Maintained	20 Aug 2024