Fabrinet (FN)

• Market cap: $7.44B
• 1 day: -1.03%
• 5 days: -4.42%
• 1 month: 5.83%
• 3 months: -5.86%
• 6 months: -13.83%
• Year to date: -6.25%
• 1 year: 7.96%
• 5 years: 327.39%
• 10 years: 1,016.15%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

1% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 167

1.26% less ownership

Funds ownership: 104.16% [Q3] → 102.9% (-1.26%) [Q4]

4% less funds holding

Funds holding: 470 [Q3] → 450 (-20) [Q4]

8% less capital invested

Capital invested by funds: $8.91B [Q3] → $8.2B (-$706M) [Q4]

17% less first-time investments, than exits

New positions opened: 59 | 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

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

• Low target: $245 19% upside
• Avg. target: $269 30% upside
• High target: $285 38% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Needham Ryan Koontz 50% 1-year accuracy 55 / 109 met price target	36% upside $280	Buy Reiterated	17 Mar 2025
Rosenblatt Mike Genovese 56% 1-year accuracy 23 / 41 met price target	38% upside $285	Buy Maintained	14 Mar 2025
JP Morgan Samik Chatterjee 54% 1-year accuracy 34 / 63 met price target	28% upside $265	Neutral Maintained	4 Feb 2025
Barclays George Wang 61% 1-year accuracy 11 / 18 met price target	19% upside $245	Equal-Weight Maintained	4 Feb 2025