Louisiana State Employees Retirement System Buys New Position in Fabrinet $FN

Louisiana State Employees Retirement System purchased a new position in shares of Fabrinet (NYSE:FN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,400 shares of the technology company’s stock, valued at approximately $5,424,000.

Several other institutional investors also recently added to or reduced their stakes in FN. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fabrinet by 3.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,069 shares of the technology company’s stock valued at $558,000 after acquiring an additional 37 shares during the period. Krilogy Financial LLC acquired a new position in shares of Fabrinet in the 1st quarter valued at $184,000. SG Americas Securities LLC raised its position in Fabrinet by 57.6% in the 1st quarter. SG Americas Securities LLC now owns 12,256 shares of the technology company’s stock valued at $6,392,000 after purchasing an additional 4,478 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Fabrinet by 52.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 28,944 shares of the technology company’s stock valued at $15,095,000 after purchasing an additional 9,935 shares during the last quarter. Finally, Balboa Wealth Partners boosted its stake in Fabrinet by 27.9% during the 1st quarter. Balboa Wealth Partners now owns 1,104 shares of the technology company’s stock worth $576,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FN shares. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. Northland Securities set a $800.00 price target on Fabrinet in a report on Monday, April 20th. Rosenblatt Securities boosted their price target on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Barclays upped their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Price Performance

Fabrinet stock opened at $527.65 on Friday. The stock’s 50 day moving average price is $651.37 and its 200 day moving average price is $561.65. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89. The company has a market cap of $18.91 billion, a PE ratio of 45.33 and a beta of 1.17.

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

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.