Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 10,803 Shares of Fabrinet $FN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Fabrinet (NYSE:FN) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,046 shares of the technology company’s stock after selling 10,803 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.06% of Fabrinet worth $10,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FN. Westend Capital Management LLC acquired a new position in Fabrinet during the fourth quarter worth about $29,000. Harbour Investments Inc. raised its stake in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet during the fourth quarter worth about $32,000. Rakuten Securities Inc. raised its stake in Fabrinet by 340.9% during the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after acquiring an additional 75 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in Fabrinet during the fourth quarter worth about $49,000. Institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FN shares. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. B. Riley Financial boosted their target price on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Shares of FN stock opened at $621.42 on Tuesday. The business’s 50 day simple moving average is $641.95 and its 200 day simple moving average is $538.85. Fabrinet has a one year low of $230.50 and a one year high of $748.89. The stock has a market capitalization of $22.27 billion, a PE ratio of 53.39 and a beta of 1.18.

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

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.