Public Employees Retirement System of Ohio Acquires New Stake in Fabrinet $FN

Public Employees Retirement System of Ohio bought a new position in shares of Fabrinet (NYSE:FN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 10,653 shares of the technology company’s stock, valued at approximately $5,988,000.

A number of other institutional investors have also recently made changes to their positions in FN. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet in the first quarter valued at about $203,000. Empowered Funds LLC bought a new stake in Fabrinet in the first quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new position in Fabrinet during the 2nd quarter worth approximately $214,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Fabrinet by 574.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after purchasing an additional 454 shares during the period. Institutional investors own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FN shares. Rosenblatt Securities reiterated a “buy” rating and set a $750.00 price objective on shares of Fabrinet in a research report on Tuesday, August 18th. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Fabrinet in a report on Tuesday, August 18th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Barclays lifted their target price on Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $649.50.

Fabrinet Price Performance

Shares of FN opened at $394.93 on Thursday. Fabrinet has a one year low of $333.05 and a one year high of $748.89. The company has a market cap of $14.15 billion, a PE ratio of 30.26 and a beta of 1.21. The stock has a 50-day moving average of $488.04 and a 200-day moving average of $565.57.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business earned $2.65 EPS. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Analysts expect that Fabrinet will post 17.5 EPS for the current fiscal year.

Fabrinet 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.