Rep. Gilbert Ray Cisneros, Jr. Buys Fabrinet (NYSE:FN) Stock

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Fabrinet (NYSE:FN). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fabrinet stock on May 4th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Fabrinet Stock Down 1.4%

FN opened at $577.99 on Thursday. The firm has a market cap of $20.71 billion, a PE ratio of 49.66 and a beta of 1.17. The business has a fifty day simple moving average of $655.81 and a 200-day simple moving average of $550.61. Fabrinet has a fifty-two week low of $236.85 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s revenue was up 39.3% compared to the same quarter last year. During the same period last year, the company posted $2.52 EPS. 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 other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction on Friday, May 22nd. The stock was 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 represents a 13.35% decrease in their ownership of the stock. The transaction 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 insiders.

Institutional Trading of Fabrinet

A number of hedge funds have recently modified their holdings of FN. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new stake in shares of Fabrinet in the fourth quarter valued at $29,000. Harbour Investments Inc. lifted its holdings in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet in the first quarter valued at $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Fabrinet

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.