Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Fabrinet (NYSE:FN). In a filing disclosed on June 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Fabrinet stock on May 1st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
- Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
- Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 5/21/2026.
- Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 5/19/2026.
- Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 5/15/2026.
- Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 5/14/2026.
- Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/14/2026.
- Purchased $1,001 – $15,000 in shares of Sandisk (NASDAQ:SNDK) on 5/7/2026.
- Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/5/2026.
Fabrinet Price Performance
NYSE:FN opened at $719.28 on Friday. Fabrinet has a fifty-two week low of $231.51 and a fifty-two week high of $748.89. The stock’s 50-day moving average is $651.77 and its two-hundred day moving average is $545.09. The stock has a market cap of $25.77 billion, a PE ratio of 61.79 and a beta of 1.17.
Insider Buying and Selling at Fabrinet
In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
FN has been the subject of a number of recent research reports. Rosenblatt Securities raised their price target on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.
Check Out Our Latest Stock Report on FN
Institutional Investors Weigh In On Fabrinet
A number of institutional investors and hedge funds have recently made changes to their positions in FN. DV Trading LLC acquired a new position in shares of Fabrinet in the 1st quarter valued at $229,000. NewEdge Advisors LLC increased its position in shares of Fabrinet by 6,850.0% in the 1st quarter. NewEdge Advisors LLC now owns 695 shares of the technology company’s stock valued at $362,000 after buying an additional 685 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Fabrinet by 1.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock valued at $609,000 after buying an additional 19 shares in the last quarter. Argent Capital Management LLC increased its position in shares of Fabrinet by 21.0% in the 1st quarter. Argent Capital Management LLC now owns 16,211 shares of the technology company’s stock valued at $8,454,000 after buying an additional 2,817 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Fabrinet during the 1st quarter worth about $540,000. Institutional investors own 97.38% of the company’s stock.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
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.
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