Fabrinet $FN Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Fabrinet (NYSE:FN) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,309 shares of the technology company’s stock after selling 179 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Fabrinet were worth $3,627,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in shares of Fabrinet by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock worth $2,610,000 after purchasing an additional 1,368 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in Fabrinet by 40.8% during the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company’s stock worth $1,078,000 after buying an additional 1,582 shares during the period. Private Trust Co. NA increased its holdings in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Fabrinet by 76.1% in the first quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock valued at $13,707,000 after buying an additional 30,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Fabrinet by 13.9% during the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock valued at $10,181,000 after acquiring an additional 6,272 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 0.7%

FN opened at $423.82 on Tuesday. The business’s fifty day simple moving average is $364.55 and its 200 day simple moving average is $296.06. Fabrinet has a 52 week low of $148.55 and a 52 week high of $433.00. The firm has a market cap of $15.19 billion, a P/E ratio of 46.17 and a beta of 1.05.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to analysts’ expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on FN. Rosenblatt Securities raised their price objective on Fabrinet from $360.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. B. Riley raised their price target on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $337.33.

Insider Buying and Selling

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is owned by company insiders.

Fabrinet Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.