Fabrinet (NYSE:FN) Shares Sold Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Fabrinet (NYSE:FN). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $15,001 and $50,000 in Fabrinet stock on July 16th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Fabrinet Price Performance

Shares of NYSE:FN traded up $9.79 during trading hours on Tuesday, hitting $417.19. The company’s stock had a trading volume of 816,152 shares, compared to its average volume of 856,331. The firm’s fifty day moving average price is $476.83 and its 200 day moving average price is $562.97. Fabrinet has a 52 week low of $348.01 and a 52 week high of $748.89. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 31.97 and a beta of 1.21.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $2.65 EPS. The company’s revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts predict that Fabrinet will post 17.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FN shares. Barclays raised their target price on Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lifted their target price on Fabrinet from $680.00 to $695.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen cut shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Fox Advisors raised shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and a consensus target price of $649.50.

Institutional Trading of Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in Fabrinet in the 4th quarter valued at $25,000. Continuum Advisory LLC purchased a new stake in shares of Fabrinet during the second quarter worth $25,000. Harbour Investments Inc. grew its holdings in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Fabrinet in the first quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Edward Archer sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the transaction, the executive vice president directly owned 7,007 shares in the company, valued at approximately $2,704,071.37. The trade was a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Fabrinet Company 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.