Latest news with #Fabrinet
Globe and Mail
3 days ago
- Business
- Globe and Mail
Fabrinet to Present at Rosenblatt Securities 5th Annual Technology Summit
BANGKOK, June 03, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present virtually at the Rosenblatt Securities 5 th Annual Technology Summit. The Fabrinet presentation is scheduled for Tuesday, June 10, 2025 at 11:00 a.m. EDT (8:00 a.m. PDT). A live webcast, as well as a replay, will be accessible at About Fabrinet Fabrinet is a leading provider of 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 subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet 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, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People's Republic of China and Israel. For more information visit:
Yahoo
29-05-2025
- Automotive
- Yahoo
Barclays Analyst Highlights Continued Telecom Strength for Fabrinet (NYSE:FN)
Barclays analyst George Wang recently lowered the price target on Fabrinet (NYSE:FN) to $234 from $245 and kept an Equal Weight rating on the shares. Fabrinet offers optical packaging, along with precision optical, electro-mechanical, and electronic manufacturing services. In an investor note, the analyst noted that the company reported solid fiscal Q3 results, though they were overshadowed by softer Datacom despite continued Telecom strength. The advisory sensed that the 1.6T cycle timing was slightly shifted to the right or at a minimum came with great uncertainty when the cycle started. An automated assembly line displaying the advanced packaging technology used by the company. While disclosing earnings for the third fiscal quarter, the firm provided guidance for the fourth fiscal quarter, with revenue expected between $860 million and $900 million and non-GAAP earnings per share of $2.55 to $2.70. CEO Grady expressed optimism about continued growth in Telecom and Automotive segments, while highlighting potential moderation in Automotive growth due to prior outsized performance. While we acknowledge the potential of FN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Globe and Mail
13-05-2025
- Business
- Globe and Mail
NYSE Content Advisory: Pre-Market update + April Consumer Inflation Data released
NEW YORK , May 13, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on May 13th The S&P 500 surged 3.3% on Monday, with the rally being fueled by de-escalation on trade between the U.S. and China . The two sides agreed to temporarily lower tariffs for 90 days, with plans to meet again in a few weeks to work on a bigger deal. Technology stocks surged with the Magnificent seven adding more than $800 billion in market value. Shares of Boeing (NYSE: BA) are catching a bid too after a report that China will remove its month-long ban on deliveries of the aircraft. Economic data out this morning will give Americans a better sense on how to budget ahead. Economists anticipate consumer prices rose 0.2% in March and 2.4% from this same time a year ago. Opening Bell Fabrinet (NYSE: FN ) celebrates their 15 th anniversary of listing Closing Bell The Vanguard Group celebrates its 50 th anniversary of founding Watch NYSE TV Live every weekday 9:00-10:00am ET SOURCE New York Stock Exchange
Business Insider
06-05-2025
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Fabrinet (FN) and Wisetech Global (OtherWTCHF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Fabrinet (FN – Research Report) and Wisetech Global (WTCHF – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Fabrinet (FN) In a report released yesterday, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Fabrinet, with a price target of $250.00. The company's shares closed last Monday at $220.90. According to Genovese is a 4-star analyst with an average return of 7.9% and a 49.0% success rate. Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Extreme Networks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fabrinet with a $253.00 average price target. Wisetech Global (WTCHF) Goldman Sachs analyst Kane Hannan maintained a Buy rating on Wisetech Global on May 1 and set a price target of A$128.00. The company's shares closed last Tuesday at $56.03, close to its 52-week low of $51.50. According to Hannan is a 4-star analyst with an average return of 9.2% and a 60.9% success rate. Hannan covers the Technology sector, focusing on stocks such as Nextdc Limited, Xero Limited, and Megaport. Currently, the analyst consensus on Wisetech Global is a Strong Buy with an average price target of $79.93, which is a 42.7% upside from current levels. In a report issued on May 1, Citi also maintained a Buy rating on the stock with a A$115.00 price target.
Yahoo
21-04-2025
- Business
- Yahoo
Is Fabrinet (FN) The Best Electronic Components Stock To Buy Now?
We recently compiled a list of the 10 Best Electronic Components Stocks to Buy Now. In this article, we are going to take a look at where Fabrinet (NYSE:FN) stands against the other electronic components stocks. President Trump recently exempted smartphones, computers, and many other electronic and tech devices and components from his reciprocal tariffs. A new guidance from US Customs and Border Protection that was issued on Friday, April 11 came after Trump had imposed 145% tariffs on products from China. The guidance also includes exemptions for semiconductors, solar cells, flat panel TV displays, flash drives, and memory cards. READ ALSO: 14 Best American Tech Stocks To Buy Now and 10 Best EV Stocks to Buy Under $50. The White House explained that these exemptions were made because President Trump wants to give companies time to move their production and manufacturing to the US. On Sunday, April 13, US Commerce Secretary Howard Lutnick pointed out that these electronics and components would soon be covered under new tariffs. President Trump also said on social media that these products will receive no exceptions. According to a Federal Register notice put online, the US Commerce Department started a national security investigation into imports of semiconductor technology and related products. The official document calls for public comments on the investigation with the comment period stated to end on May 7, 2025. This further confirms that chips and the electronic supply chain are not to be excluded from President Donald Trump's tariff plans. The investigation covers a wide variety of items. These include chip components like silicon wafers, equipment used to make chips, and 'downstream products that contain semiconductors.' Semiconductors play a crucial role in various modern electronic devices and this investigation could have a big impact on the tech and electronics industries. To compile our list of the 10 best electronic components stocks to buy now, we used stock screeners from Finviz and Yahoo Finance to find the largest electronic components companies. We sorted our results based on market capitalization and picked the top 25 electronic components stocks. We also reviewed our own rankings, financial media reports, and various online resources to compile a list of the best electronic components stocks. Next, we focused on the 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. Finally, the 10 best electronic components stocks to buy now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An automated assembly line displaying the advanced packaging technology used by the company. Number of Hedge Fund Holders: 36 Fabrinet (NYSE:FN) is a major provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products. The company offers a wide variety of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly, and testing. Fabrinet (NYSE:FN) has engineering and manufacturing operations in Thailand, the People's Republic of China, Israel, and the US. The company serves customers in a wide range of markets like aerospace, automotive, industrial, laser products, medical, life science, and optical electronics. Fabrinet (NYSE:FN) ranks among the best electronic components stocks to buy. On April 17, JPMorgan reduced its price target on Fabrinet (NYSE:FN) from $265 to $220 and maintained a 'Neutral' rating on the stock. The firm updated hardware and networking models to better reflect the impact of the current economic uncertainty that is stemming from tariffs. JPMorgan analysts expect a broader slowdown to lead to lower demand from consumers, businesses, and telecom customers. As a result, the firm has adjusted its outlook to reflect this expected drop in demand with a more cautious view of Fabrinet's (NYSE:FN) future performance in a difficult climate of economic instability. Overall, FN ranks 7th on our list of the best electronic components stocks to buy now. While we acknowledge the potential of FN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
