During the last session, Fabrinet (NYSE:FN)’s traded shares were 0.62 million, with the beta value of the company hitting 0.88. At the end of the trading day, the stock’s price was $223.04, reflecting an intraday gain of 4.21% or $9.01. The 52-week high for the FN share is $281.79, that puts it down -26.34 from that peak though still a striking 28.4% gain since the share price plummeted to a 52-week low of $159.69. The company’s market capitalization is $8.03B, and the average intraday trading volume over the past 10 days was 0.98 million shares, and the average trade volume was 610.20K shares over the past three months.
Fabrinet (FN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.11. FN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.6.
Fabrinet (NYSE:FN) trade information
Fabrinet (FN) registered a 4.21% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.21% in intraday trading to $223.04, hitting a weekly high. The stock’s 5-day price performance is 5.18%, and it has moved by -4.58% in 30 days. Based on these gigs, the overall price performance for the year is 14.71%. The short interest in Fabrinet (NYSE:FN) is 1.89 million shares and it means that shorts have 3.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $280, which implies an increase of 20.34% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $280 and $280 respectively. As a result, FN is trading at a discount of -25.54% off the target high and -25.54% off the low.
Fabrinet (FN) estimates and forecasts
In the rating firms’ projections, revenue will increase 17.46% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 859.76M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 888.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 731.53M and 753.26M respectively. In this case, analysts expect current quarter sales to grow by 17.53% and then jump by 17.97% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.77%. While earnings are projected to return 16.13% in 2025, the next five years will return 15.87% per annum.
FN Dividends
Fabrinet is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fabrinet (NYSE:FN)’s Major holders
Fabrinet insiders own 0.72% of total outstanding shares while institutional holders control 108.51%, with the float percentage being 109.30%. BLACKROCK INC. is the largest shareholder of the company, while 629.0 institutions own stock in it. As of 2024-06-30, the company held over 5.77 million shares (or 15.9245% of all shares), a total value of $1.41 billion in shares.
The next largest institutional holding, with 4.37 million shares, is of VANGUARD GROUP INC’s that is approximately 12.0523% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.07 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Fabrinet (FN) shares are Smallcap World Fund and iShares Core S&P Midcap ETF . Data provided on Sep 30, 2024 indicates that Smallcap World Fund owns about 1.32 shares. This amounts to just over 3.64 percent of the company’s overall shares, with a $294.8 million market value. The same data shows that the other fund manager holds slightly less at 1.16, or about 3.20% of the stock, which is worth about $258.93 million.
