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

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold $15,001–$50,000 of Fabrinet shares on July 16 through a Bank of America trust account.
• Fabrinet reported strong quarterly results, with EPS of $4.10 beating estimates of $3.81 and revenue rising 44.6% year over year to $1.32 billion.
• Despite the stock opening at $406.51, analysts maintain a “Moderate Buy” consensus with an average price target of $649.50; institutional investors own 97.38% of the company.

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 Stock Down 0.2%

NYSE FN opened at $406.51 on Tuesday. Fabrinet has a 52 week low of $348.01 and a 52 week high of $748.89. The business has a 50 day moving average price of $479.74 and a 200-day moving average price of $563.59. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 31.15 and a beta of 1.21.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Tuesday, August 18th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The company 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. Fabrinet's quarterly revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fabrinet will post 17.5 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Great Lakes Advisors LLC bought a new position in Fabrinet during the 2nd quarter worth approximately $3,024,000. Swedbank AB bought a new stake in Fabrinet in the fourth quarter valued at approximately $5,372,000. JSF Financial LLC purchased a new stake in shares of Fabrinet during the fourth quarter valued at approximately $957,000. Sei Investments Co. grew its holdings in shares of Fabrinet by 22.0% in the first quarter. Sei Investments Co. now owns 89,843 shares of the technology company's stock worth $46,854,000 after purchasing an additional 16,218 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Fabrinet by 23.0% in the first quarter. California State Teachers Retirement System now owns 41,747 shares of the technology company's stock worth $21,772,000 after purchasing an additional 7,819 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FN. Barclays raised their price target on shares of Fabrinet from $702.00 to $739.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Rosenblatt Securities restated a "buy" rating and issued a $750.00 target price on shares of Fabrinet in a report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their target price on Fabrinet from $680.00 to $695.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $649.50.

Insider Activity at Fabrinet

In related news, EVP Edward Archer sold 2,500 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total transaction of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. This represents a 26.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

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.

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