Teacher Retirement System of Texas Lowers Holdings in Fabrinet $FN

Teacher Retirement System of Texas lowered its holdings in shares of Fabrinet (NYSE:FN) by 8.5% during the second quarter, HoldingsChannel.com reports. The firm owned 13,083 shares of the technology company’s stock after selling 1,223 shares during the period. Teacher Retirement System of Texas’ holdings in Fabrinet were worth $3,855,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. boosted its position in Fabrinet by 33.6% during the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock worth $50,000 after purchasing an additional 43 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Fabrinet by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 103,145 shares of the technology company’s stock worth $30,395,000 after purchasing an additional 4,766 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Fabrinet by 232.4% during the second quarter. Nisa Investment Advisors LLC now owns 3,829 shares of the technology company’s stock worth $1,128,000 after purchasing an additional 2,677 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Fabrinet by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,311 shares of the technology company’s stock worth $4,807,000 after purchasing an additional 303 shares in the last quarter. Finally, Prudent Man Advisors LLC purchased a new position in Fabrinet during the second quarter worth approximately $262,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In related news, COO Harpal Gill sold 14,203 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value 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 approximately $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were 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 directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is currently owned by insiders.

Fabrinet Price Performance

NYSE FN opened at $441.82 on Friday. The company has a market cap of $15.83 billion, a PE ratio of 48.13 and a beta of 1.05. The stock’s 50 day simple moving average is $377.08 and its 200-day simple moving average is $302.34. Fabrinet has a 1-year low of $148.55 and a 1-year high of $453.12.

Fabrinet (NYSE:FN) last released its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $880.19 million. During the same quarter last year, the business posted $2.41 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FN. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wolfe Research assumed coverage on Fabrinet in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Finally, B. Riley raised their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $337.33.

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.