Louisiana State Employees Retirement System Makes New $5.42 Million Investment in Fabrinet $FN

Louisiana State Employees Retirement System bought a new stake in Fabrinet (NYSE:FN) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 10,400 shares of the technology company’s stock, valued at approximately $5,424,000.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fabrinet during the 1st quarter worth $203,000. Empowered Funds LLC acquired a new stake in Fabrinet in the 1st quarter valued at about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after acquiring an additional 3,717 shares in the last quarter. M&T Bank Corp purchased a new position in Fabrinet during the 2nd quarter valued at about $214,000. Finally, EverSource Wealth Advisors LLC raised its position in Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction 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 sale, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by company insiders.

Fabrinet Price Performance

NYSE:FN opened at $527.65 on Friday. The firm has a 50 day simple moving average of $651.37 and a 200-day simple moving average of $561.65. The firm has a market cap of $18.91 billion, a PE ratio of 45.33 and a beta of 1.17. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm 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%. Fabrinet’s revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FN has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Finally, Weiss Ratings raised Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and four 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 $661.75.

Fabrinet 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.