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

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 Performance

FN traded up $9.79 during mid-day trading on Tuesday, reaching $417.19. 815,879 shares of the stock were exchanged, compared to its average volume of 856,308. Fabrinet has a 1 year low of $348.01 and a 1 year high of $748.89. The company has a 50 day moving average price of $479.74 and a two-hundred day moving average price of $563.59. The stock has a market capitalization of $14.95 billion, a PE ratio of 31.97 and a beta of 1.21.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.29. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The business’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Sell-side analysts expect that Fabrinet will post 17.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FN has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $750.00 target price on shares of Fabrinet in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price target on Fabrinet from $680.00 to $695.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Barclays boosted their price objective on Fabrinet from $702.00 to $739.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $649.50.

Insider Transactions at Fabrinet

In related news, EVP Edward Archer sold 2,500 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the transaction, the executive vice president owned 7,007 shares of the company’s stock, valued at $2,704,071.37. This represents a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Several institutional investors and hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in Fabrinet by 1.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock worth $609,000 after acquiring an additional 19 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Fabrinet by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 865 shares of the technology company’s stock worth $486,000 after buying an additional 24 shares during the last quarter. REAP Financial Group LLC raised its position in shares of Fabrinet by 15.7% during the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after buying an additional 26 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Fabrinet by 7.4% during the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

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.