Police & Firemen s Retirement System of New Jersey Has $2.41 Million Stock Holdings in Fabrinet $FN

Police & Firemen s Retirement System of New Jersey increased its position in shares of Fabrinet (NYSE:FN) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,164 shares of the technology company’s stock after purchasing an additional 338 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Fabrinet were worth $2,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FN. Maseco LLP acquired a new position in Fabrinet in the second quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new position in shares of Fabrinet in the first quarter valued at approximately $29,000. First Horizon Advisors Inc. boosted its holdings in shares of Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after acquiring an additional 77 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Fabrinet by 118.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares during the last quarter. Finally, REAP Financial Group LLC grew its position in Fabrinet by 171.9% during the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock worth $46,000 after acquiring an additional 98 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC boosted their price objective on Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Northland Securities set a $550.00 target price on Fabrinet in a research note on Tuesday, November 4th. Rosenblatt Securities upped their price target on shares of Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $451.29.

Fabrinet Stock Down 2.1%

Fabrinet stock opened at $407.96 on Wednesday. The business’s 50-day simple moving average is $400.30 and its 200 day simple moving average is $324.72. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 42.01 and a beta of 1.05. Fabrinet has a 12-month low of $148.55 and a 12-month high of $498.00.

Fabrinet (NYSE:FN) last released its earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.09. The company had revenue of $978.13 million for the quarter, compared to the consensus estimate of $935.04 million. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 EPS. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. As a group, sell-side analysts expect that Fabrinet will post 9.4 EPS for the current year.

Insider Buying and Selling at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares of the company’s stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the transaction, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is currently owned by insiders.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.