Fabrinet (FN)

• Market cap: $6.61B
• 1 day: -1.63%
• 5 days: 0.98%
• 1 month: -17.05%
• 3 months: -24.07%
• 6 months: -31.18%
• Year to date: -16.66%
• 1 year: 10.56%
• 5 years: 198.59%
• 10 years: 909.68%
• Sector: Technology
• Industry: Electronic Components

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

2% more repeat investments, than reductions

Existing positions increased: 169 | Existing positions reduced: 166

0.57% more ownership

Funds ownership: 102.33% [Q3] → 102.9% (+0.57%) [Q4]

4% less funds holding

Funds holding: 470 [Q3] → 451 (-19) [Q4]

6% less capital invested

Capital invested by funds: $8.75B [Q3] → $8.2B (-$550M) [Q4]

15% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 71

33% less funds holding in top 10

Funds holding in top 10: 6 [Q3] → 4 (-2) [Q4]

78% less call options, than puts

Call options by funds: $13.3M | Put options by funds: $59.5M

Research analyst outlook

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

• Low target: $176 4% downside
• Avg. target: $241 31% upside
• High target: $285 55% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

JP Morgan Samik Chatterjee 43% 1-year accuracy 32 / 74 met price target	20% upside $220	Neutral Maintained	17 Apr 2025
B. Riley Securities Dave Kang 40% 1-year accuracy 4 / 10 met price target	4% downside $176	Neutral Upgraded	4 Apr 2025
Needham Ryan Koontz 29% 1-year accuracy 30 / 102 met price target	52% upside $280	Buy Reiterated	17 Mar 2025
Rosenblatt Mike Genovese 33% 1-year accuracy 13 / 40 met price target	55% upside $285	Buy Maintained	14 Mar 2025
Barclays George Wang 33% 1-year accuracy 6 / 18 met price target	33% upside $245	Equal-Weight Maintained	4 Feb 2025