Fabrinet
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)
71% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 49
27% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 147
20% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]
8% more funds holding
Funds holding: 432 [Q2] → 467 (+35) [Q3]
3.13% less ownership
Funds ownership: 105.46% [Q2] → 102.33% (-3.13%) [Q3]
6% less capital invested
Capital invested by funds: $9.32B [Q2] → $8.75B (-$565M) [Q3]
37% less call options, than puts
Call options by funds: $20.1M | Put options by funds: $31.9M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B. Riley Securities Dave Kang 63% 1-year accuracy 10 / 16 met price target | 20%downside $178 | Sell Downgraded | 20 Nov 2024 |
Barclays George Wang 56% 1-year accuracy 9 / 16 met price target | 32%upside $292 | Equal-Weight Initiated | 14 Nov 2024 |
Needham Ryan Koontz 71% 1-year accuracy 64 / 90 met price target | 27%upside $280 | Buy Reinstated | 5 Nov 2024 |
Financial journalist opinion
