Fabrinet (FN)

• Market cap: $7.99B
• 1 day: -3.80%
• 5 days: 3.69%
• 1 month: -11.98%
• 3 months: -3.53%
• 6 months: -18.87%
• Year to date: 0.69%
• 1 year: 17.79%
• 5 years: 262.05%
• 10 years: 1,210.69%
• 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)

2% less repeat investments, than reductions

Existing positions increased: 163 | Existing positions reduced: 166

2.76% less ownership

Funds ownership: 104.17% [Q3] → 101.4% (-2.76%) [Q4]

7% less funds holding

Funds holding: 469 [Q3] → 438 (-31) [Q4]

9% less capital invested

Capital invested by funds: $8.91B [Q3] → $8.08B (-$827M) [Q4]

24% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 71

50% less funds holding in top 10

Funds holding in top 10: 6 [Q3] → 3 (-3) [Q4]

78% less call options, than puts

Call options by funds: $13M | Put options by funds: $59.4M

Research analyst outlook

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

• Low target: $245 10% upside
• Avg. target: $269 21% upside
• High target: $285 28% upside

4 analyst ratings

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

JP Morgan Samik Chatterjee 62% 1-year accuracy 41 / 66 met price target	19% upside $265	Neutral Maintained	4 Feb 2025
Barclays George Wang 83% 1-year accuracy 15 / 18 met price target	10% upside $245	Equal-Weight Maintained	4 Feb 2025
Rosenblatt Mike Genovese 76% 1-year accuracy 29 / 38 met price target	28% upside $285	Buy Maintained	4 Feb 2025
Needham Ryan Koontz 64% 1-year accuracy 69 / 107 met price target	26% upside $280	Buy Reiterated	4 Feb 2025