Fabrinet (FN)

We reiterate our Outperform and raise our target from $560 to $600 on the shares of Fabrinet (FN; $514.25; O/P) after hosting investor meetings for the company’s CEO Seamus Grady and Garo Toomajanian, VP, IR…

We reiterate our Outperform and raise our outdated price target from $350 to $560 on the shares of Fabrinet (FN; $443.00; O/P) as we up our F2026/F2027E (Jun) EPS from $11.90/$13.20 to $12.90/$14.50 (+27% and…

We are bumping up our F2026E (Jun) EPS for Fabrinet (FN; $299.00; O/P) from $11.70 to $11.90 after the company produced as expected FQ4 (Jun) EPS of $2.65, albeit with $0.16 of non-operating headwinds relative…

Fabrinet (FN; $327.12; O/P) reported FQ4 (Jun) non-GAAP EPS of $2.65, which was basically in line with our $2.66 and the Street’s $2.64 on sales of $910mm (vs. our $890mm and the Street’s $883mm). As…

We are raising our outdated price target on the shares of Fabrinet (FN; $293.17; O/P) from $270 to $335 for a recent series of positive data points across the company’s major served markets and our…

We reiterate our F2025E (Jun) EPS for Fabrinet (FN; $220.90; O/P) of $10.18 (+15% YoY) after its FQ3 (Mar) EPS came in ahead of our modeling, including the impact from a recently issued warrant to…

Fabrinet (FN; $220.90; O/P) reported FQ3 (Mar) non-GAAP EPS of $2.52, which was ahead of our $2.48 and the Street’s $2.50 on better-than-expected sales of $872mm (vs. our consensus matching $856mm). As illustrated in the…

We believe the shares of Fabrinet (FN; $198.55; O/P), which are still down 26% over the past 3+ months, prove oversold when the company reports FQ3 (Mar) results and outlook next Monday (5/5 after market)…

This morning, Fabrinet (FN; $224.91; O/P) announced it entered into a transaction agreement with Amazon (AMZN; $198.89; NR), which, among other things, includes the issuance of a warrant by Fabrinet to Amazon. More importantly, we…

We think Nokia’s (NOK; $4.88; NR) $2.3B acquisition of Infinera, completed last Friday (2/28), potentially opens another new outsourcing opportunity for Fabrinet (FN; $190.35; O/P) in coming quarters, which would add further to the diversification…

We initiate coverage with an Outperform rating and $270 target on the shares of Fabrinet (FN; $223.04), which has proven to be the most consistent electronics manufacturing services (EMS) provider in the industry through an…