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 April 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fabrinet stock on March 24th. 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 Crown Castle (NYSE:CCI) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of La-Z-Boy (NYSE:LZB) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Alcon (NYSE:ALC) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/10/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/6/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 3/5/2026.

Fabrinet Stock Up 7.3%

Shares of NYSE FN traded up $45.23 during trading on Friday, hitting $663.49. The company had a trading volume of 1,072,449 shares, compared to its average volume of 723,492. The stock has a fifty day simple moving average of $531.84 and a two-hundred day simple moving average of $472.71. Fabrinet has a fifty-two week low of $167.33 and a fifty-two week high of $679.57. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 63.55 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Hedge Funds Weigh In On Fabrinet

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in Fabrinet during the fourth quarter worth about $229,000. Rockefeller Capital Management L.P. boosted its position in Fabrinet by 147.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 376 shares of the technology company’s stock worth $171,000 after acquiring an additional 224 shares during the last quarter. World Investment Advisors boosted its position in Fabrinet by 10.4% during the fourth quarter. World Investment Advisors now owns 1,604 shares of the technology company’s stock worth $730,000 after acquiring an additional 151 shares during the last quarter. Corient Private Wealth LLC boosted its position in Fabrinet by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,947 shares of the technology company’s stock worth $886,000 after acquiring an additional 80 shares during the last quarter. Finally, Worthington Financial Partners LLC acquired a new position in Fabrinet during the fourth quarter worth about $1,532,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on FN. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Northland Securities set a $600.00 target price on shares of Fabrinet in a research report on Monday, December 22nd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a research report on Wednesday, February 4th. Finally, Barclays lifted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $541.25.

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.

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.