New York State Teachers Retirement System Has $13.43 Million Stock Holdings in Fabrinet $FN

New York State Teachers Retirement System trimmed its position in shares of Fabrinet (NYSE:FN) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,755 shares of the technology company’s stock after selling 1,066 shares during the period. New York State Teachers Retirement System owned about 0.07% of Fabrinet worth $13,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Fabrinet by 62.2% during the 1st quarter. Private Advisor Group LLC now owns 1,113 shares of the technology company’s stock valued at $580,000 after buying an additional 427 shares during the last quarter. Root Financial Partners LLC increased its holdings in Fabrinet by 29.2% in the first quarter. Root Financial Partners LLC now owns 146 shares of the technology company’s stock worth $76,000 after buying an additional 33 shares during the last quarter. EWA LLC acquired a new position in Fabrinet in the first quarter worth approximately $226,000. Janney Montgomery Scott LLC increased its holdings in Fabrinet by 144.3% in the first quarter. Janney Montgomery Scott LLC now owns 4,684 shares of the technology company’s stock worth $2,443,000 after buying an additional 2,767 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Fabrinet by 7.1% during the first quarter. Pictet Asset Management Holding SA now owns 5,710 shares of the technology company’s stock valued at $2,978,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated 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 $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FN. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Price Performance

NYSE:FN opened at $498.93 on Monday. The stock has a market cap of $17.88 billion, a P/E ratio of 42.86 and a beta of 1.20. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The company has a fifty day moving average price of $635.20 and a 200 day moving average price of $563.24.

Fabrinet (NYSE:FN) last posted its quarterly earnings results 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period last year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts anticipate that Fabrinet will post 12.96 EPS for the current year.

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.