Strs Ohio Has $2.48 Million Stock Holdings in Fabrinet $FN

Strs Ohio decreased its position in shares of Fabrinet (NYSE:FN) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the technology company’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in Fabrinet were worth $2,475,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of Fabrinet by 16.5% during the 1st quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock valued at $127,306,000 after acquiring an additional 91,519 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Fabrinet by 25.4% during the 2nd quarter. TD Asset Management Inc now owns 599,337 shares of the technology company’s stock valued at $176,613,000 after acquiring an additional 121,233 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Fabrinet by 12.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 389,247 shares of the technology company’s stock valued at $76,880,000 after acquiring an additional 44,182 shares in the last quarter. Analog Century Management LP boosted its holdings in shares of Fabrinet by 3.8% during the 1st quarter. Analog Century Management LP now owns 328,725 shares of the technology company’s stock valued at $64,926,000 after acquiring an additional 12,063 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Fabrinet during the 1st quarter valued at $64,274,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a report on Tuesday, August 19th. B. Riley raised their price objective on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. Wolfe Research initiated coverage on Fabrinet in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 target price on shares of Fabrinet in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target of $337.33.

Fabrinet Trading Up 0.7%

Shares of FN opened at $443.73 on Tuesday. The company has a market capitalization of $15.90 billion, a PE ratio of 48.34 and a beta of 1.05. The stock’s 50-day moving average price is $379.71 and its two-hundred day moving average price is $305.79. Fabrinet has a 12 month low of $148.55 and a 12 month high of $453.12.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Equities research analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Activity

In other news, EVP Edward T. Archer sold 3,333 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the transaction, the executive vice president directly owned 6,644 shares of the company’s stock, valued at $2,355,165.12. The trade was a 33.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,049 shares of company stock valued at $9,360,401 in the last ninety days. 0.24% of the stock is owned by company insiders.

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.