Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 10,803 Shares of Fabrinet $FN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Fabrinet (NYSE:FN) by 31.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,046 shares of the technology company’s stock after selling 10,803 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fabrinet were worth $10,492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after buying an additional 59,002 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares during the period. Geode Capital Management LLC raised its position in shares of Fabrinet by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after purchasing an additional 50,708 shares during the period. Invesco Ltd. raised its position in shares of Fabrinet by 33.3% during the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after purchasing an additional 170,297 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Fabrinet by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after purchasing an additional 10,621 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. B. Riley Financial upped their target price on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $621.42 on Tuesday. Fabrinet has a 1 year low of $230.50 and a 1 year high of $748.89. The firm has a market cap of $22.27 billion, a PE ratio of 53.39 and a beta of 1.18. The stock has a fifty day moving average price of $641.95 and a 200-day moving average price of $538.85.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $2.52 EPS. The business’s revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts anticipate that Fabrinet will post 12.96 EPS for the current fiscal year.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.