Fabrinet $FN Position Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Fabrinet (NYSE:FN) by 7,738.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,477 shares of the technology company’s stock after purchasing an additional 21,203 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Fabrinet worth $6,329,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in shares of Fabrinet in the 2nd quarter worth about $25,000. Banque Cantonale Vaudoise bought a new position in Fabrinet in the 1st quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $30,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet during the first quarter valued at approximately $30,000. Finally, Private Trust Co. NA raised its holdings in shares of Fabrinet by 44.3% during 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 during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares of the company’s stock, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares of the company’s stock, valued at $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock worth $9,360,401 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FN. Needham & Company LLC reissued a “buy” rating and issued a $350.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. B. Riley upped their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. Barclays increased their target price on shares of Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $318.00 to $345.00 in a research report on Monday, August 25th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $312.33.

Fabrinet Stock Down 0.1%

FN opened at $360.66 on Monday. The firm has a market cap of $12.89 billion, a PE ratio of 39.29 and a beta of 1.08. The business has a fifty day simple moving average of $337.08 and a 200-day simple moving average of $268.80. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $397.26.

Fabrinet (NYSE:FN) last posted its quarterly earnings data 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. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. During the same quarter in the previous year, the company earned $2.41 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Fabrinet Company 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.