Rep. Josh Gottheimer Buys Fabrinet (NYSE:FN) Shares

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

Shares of Fabrinet stock opened at $719.28 on Friday. The stock has a market cap of $25.77 billion, a PE ratio of 61.79 and a beta of 1.17. The firm has a fifty day moving average price of $651.77 and a 200 day moving average price of $545.09. Fabrinet has a 1 year low of $231.51 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts expect that Fabrinet will post 12.96 EPS for the current year.

Hedge Funds Weigh In On Fabrinet

Hedge funds have recently bought and sold shares of the business. DV Trading LLC acquired a new stake in Fabrinet in the first quarter valued at approximately $229,000. NewEdge Advisors LLC raised its stake in shares of Fabrinet by 6,850.0% during the 1st quarter. NewEdge Advisors LLC now owns 695 shares of the technology company’s stock worth $362,000 after buying an additional 685 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Fabrinet by 1.7% during 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 lifted its position in shares of Fabrinet by 21.0% during 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 stake in Fabrinet in the 1st quarter valued at $540,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Rosenblatt Securities raised their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% 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.