Rep. Lisa C. McClain Purchases Shares of Fabrinet (NYSE:FN)

Representative Lisa C. McClain (R-Michigan) recently bought shares of Fabrinet (NYSE:FN). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Fabrinet stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 893” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Pure Storage (NYSE:PSTG) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.

Fabrinet Price Performance

FN traded up $19.65 on Thursday, hitting $449.34. The company had a trading volume of 817,835 shares, compared to its average volume of 754,509. The company’s fifty day moving average price is $406.71 and its 200 day moving average price is $332.52. Fabrinet has a 1-year low of $148.55 and a 1-year high of $498.00. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 46.28 and a beta of 1.05.

Insider Transactions at Fabrinet

In other news, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the sale, the chief operating officer directly owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares in the company, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their position. The SEC filing for this sale provides additional information. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on FN. Barclays upped their price objective on shares of Fabrinet from $329.00 to $499.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. B. Riley upped their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Needham & Company LLC increased their target price on Fabrinet from $440.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average price target of $451.29.

Hedge Funds Weigh In On Fabrinet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its position in shares of Fabrinet by 20.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after acquiring an additional 29 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Fabrinet by 3.2% in the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock valued at $294,000 after purchasing an additional 31 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Fabrinet by 1.0% in the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares during the period. Stephens Inc. AR boosted its stake in Fabrinet by 4.4% during the third quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock worth $285,000 after buying an additional 33 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in Fabrinet by 2.2% in the 3rd quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock valued at $549,000 after buying an additional 33 shares during the period. 97.38% of the stock is currently owned by institutional investors.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Fabrinet

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.