Strs Ohio Purchases New Stake in Fabrinet $FN

Strs Ohio purchased a new stake in Fabrinet (NYSE:FN) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,600 shares of the technology company’s stock, valued at approximately $1,699,000.

Several other institutional investors have also recently bought and sold shares of FN. Baillie Gifford & Co. grew its holdings in shares of Fabrinet by 16.5% during the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock worth $127,306,000 after purchasing an additional 91,519 shares during the last quarter. TD Asset Management Inc boosted its holdings in Fabrinet by 17.8% in the first quarter. TD Asset Management Inc now owns 478,104 shares of the technology company’s stock valued at $94,430,000 after acquiring an additional 72,385 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Fabrinet by 12.8% in the first quarter. Epoch Investment Partners Inc. now owns 389,247 shares of the technology company’s stock valued at $76,880,000 after acquiring an additional 44,182 shares during the last quarter. Analog Century Management LP boosted its holdings in Fabrinet by 3.8% in the first quarter. Analog Century Management LP now owns 328,725 shares of the technology company’s stock valued at $64,926,000 after acquiring an additional 12,063 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Fabrinet in the first quarter valued at approximately $64,274,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FN shares. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. raised Fabrinet from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $318.00 to $345.00 in a research note on Monday, August 25th. B. Riley boosted their price target on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Barclays boosted their price target on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $312.33.

Fabrinet Stock Performance

FN stock opened at $355.23 on Wednesday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $380.01. The stock has a fifty day moving average of $325.13 and a 200-day moving average of $258.52. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 38.70 and a beta of 1.08.

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

Insiders Place Their Bets

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of the firm’s 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 sale, the executive vice president owned 6,644 shares of the company’s stock, valued at $2,355,165.12. This trade represents a 33.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the transaction, the chief operating officer directly owned 13,983 shares in the company, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,049 shares of company stock worth $9,360,401 in the last quarter. 0.38% of the stock is owned by company insiders.

About Fabrinet

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.