California State Teachers Retirement System Raises Holdings in Fabrinet $FN

California State Teachers Retirement System increased its stake in shares of Fabrinet (NYSE:FN) by 23.0% in the 1st quarter, HoldingsChannel reports. The firm owned 41,747 shares of the technology company’s stock after buying an additional 7,819 shares during the quarter. California State Teachers Retirement System’s holdings in Fabrinet were worth $21,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FN. Price T Rowe Associates Inc. MD grew its holdings in Fabrinet by 163.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after buying an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fabrinet by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after acquiring an additional 50,708 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after acquiring an additional 419,081 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after acquiring an additional 170,297 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Stock Down 0.4%

Shares of NYSE:FN opened at $437.60 on Friday. The company has a market cap of $15.68 billion, a P/E ratio of 37.59 and a beta of 1.20. The business has a fifty day simple moving average of $555.01 and a 200-day simple moving average of $564.06. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $2.52 earnings per share. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts expect that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FN has been the topic of a number of analyst reports. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Barclays upped their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 price target on shares of Fabrinet in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $643.00.

Fabrinet Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro?mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high?precision fiber alignment, micro?assembly, testing and diagnostics, and integration of electro?optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.