Rep. Gilbert Ray Cisneros, Jr. Unloads Shares of Fabrinet (NYSE:FN)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Fabrinet (NYSE:FN). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $15,001 and $50,000 in Fabrinet stock on July 16th. 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 $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Fabrinet Price Performance

Shares of FN traded up $13.94 during midday trading on Tuesday, hitting $421.33. The stock had a trading volume of 373,798 shares, compared to its average volume of 853,578. The stock’s 50 day moving average is $479.74 and its 200 day moving average is $563.59. The firm has a market cap of $15.10 billion, a PE ratio of 32.34 and a beta of 1.21. Fabrinet has a 1 year low of $348.01 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 EPS. As a group, equities research analysts expect that Fabrinet will post 17.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays increased their target price on Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Needham & Company LLC restated a “buy” rating and issued a $650.00 price target on shares of Fabrinet in a report on Tuesday, August 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $750.00 price target on shares of Fabrinet in a research note on Tuesday, August 18th. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Fox Advisors raised shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $649.50.

Insider Activity

In other Fabrinet news, EVP Edward Archer sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the sale, the executive vice president owned 7,007 shares in the company, valued at approximately $2,704,071.37. This trade represents a 26.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in Fabrinet by 72,124.7% during the second quarter. California State Teachers Retirement System now owns 30,151,657 shares of the technology company’s stock valued at $16,947,643,000 after buying an additional 30,109,910 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after purchasing an additional 2,504,841 shares during the period. Wasatch Advisors LP lifted its position in Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Fabrinet during the second quarter valued at about $298,183,000. Finally, Norges Bank purchased a new stake in Fabrinet in the fourth quarter worth about $193,766,000. 97.38% of the stock is owned by institutional investors.

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.

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.