Fabrinet (NYSE:FN)’s traded shares stood at 0.71 million during the last session, with the company’s beta value hitting 0.88. At the close of trading, the stock’s price was $212.06, to imply a decrease of -3.98% or -$8.78 in intraday trading. The FN share’s 52-week high remains $281.79, putting it -32.88% down since that peak but still an impressive 24.7% since price per share fell to its 52-week low of $159.69. The company has a valuation of $7.63B, with an average of 1.29 million shares in intraday trading volume over the past 10 days and average of 610.41K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Fabrinet (FN), translating to a mean rating of 2.11. Of 5 analyst(s) looking at the stock, 0 analyst(s) give FN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.6.
Fabrinet (NYSE:FN) trade information
After registering a -3.98% downside in the last session, Fabrinet (FN) has traded red over the past five days. The 5-day price performance for the stock is -1.92%, and -7.47% over 30 days. With these gigs, the year-to-date price performance is -3.56%. Short interest in Fabrinet (NYSE:FN) saw shorts transact 2.07 million shares and set a 5.03 days time to cover.
The extremes give us $280 and $280 for target low and target high price respectively. As such, FN has been trading -32.04% off suggested target high and -32.04% from its likely low.
Fabrinet (FN) estimates and forecasts
The rating firms project that company’s revenue will grow 17.46% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 859.76M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 888.65M.Earnings reports from the last fiscal year show that sales brought in 731.53M and 753.26M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.53% before jumping 17.97% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 19.77% for the past 5-year period. While 2025 is set for a 16.13% return in earnings, projections for the next 5 years are at 15.87% annually.
FN Dividends
Fabrinet has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Fabrinet (NYSE:FN)’s Major holders
Fabrinet insiders hold 0.40% of total outstanding shares, with institutional holders owning 104.77% of the shares at 105.19% float percentage. In total, 104.77% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 5.77 million shares (or 15.9245% of shares), all amounting to roughly $1.41 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.37 million shares, or about 12.0523% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.07 billion.
We also have Smallcap World Fund and iShares Core S&P Midcap ETF as the top two Mutual Funds with the largest holdings of the Fabrinet (FN) shares. Going by data provided on Sep 30, 2024 , Smallcap World Fund holds roughly 1.32 shares. This is just over 3.64% of the total shares, with a market valuation of $280.29 million. Data from the same date shows that the other fund manager holds a little less at 1.16, or 3.20% of the shares, all valued at about 246.18 million.
