Police & Firemen s Retirement System of New Jersey Has $2.41 Million Stake in Fabrinet $FN

Police & Firemen s Retirement System of New Jersey lifted its stake in Fabrinet (NYSE:FN) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,164 shares of the technology company’s stock after acquiring an additional 338 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Fabrinet were worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maseco LLP bought a new position in shares of Fabrinet in the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Fabrinet in the 1st quarter valued at $29,000. First Horizon Advisors Inc. raised its holdings in Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after acquiring an additional 77 shares during the period. Cullen Frost Bankers Inc. lifted its position in Fabrinet by 118.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares during the last quarter. Finally, REAP Financial Group LLC lifted its position in Fabrinet by 171.9% during the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock worth $46,000 after acquiring an additional 98 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Trading Down 2.1%

Shares of NYSE:FN opened at $407.96 on Wednesday. The firm has a market capitalization of $14.62 billion, a PE ratio of 42.01 and a beta of 1.05. Fabrinet has a 1-year low of $148.55 and a 1-year high of $498.00. The business’s 50 day moving average is $400.30 and its 200-day moving average is $324.72.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.09. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The firm had revenue of $978.13 million for the quarter, compared to the consensus estimate of $935.04 million. During the same quarter in the previous year, the company earned $2.39 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on FN. B. Riley lifted their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Northland Securities set a $550.00 target price on Fabrinet in a report on Tuesday, November 4th. JPMorgan Chase & Co. upped their price target on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $451.29.

Insider Activity at Fabrinet

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the sale, the executive vice president directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. The trade was a 33.41% 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, CEO Seamus Grady sold 9,513 shares of the company’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 value of $3,134,723.76. Following the completion of the sale, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 over the last quarter. 0.24% 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.