State of New Jersey Common Pension Fund D Sells 1173 Shares of Fabrinet
July 22, 2023
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The State of New Jersey Common Pension Fund D recently sold 1173 shares of Fabrinet ($NYSE:FN) at the Defense World for an undisclosed amount. Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers. It is based in California and has operations in Thailand and China. It serves the aerospace, defense, industrial, medical, networking and telecommunications, optical communications, and other industries.
It offers precision optical component manufacturing, custom and standard fiber optic assemblies and components, active optical cables, transceivers, connectors, integrated opto-electronic modules, advanced packaging for opto-electronic components, and other related services. Fabrinet’s common stock is listed on the New York Stock Exchange under the symbol FN. Fabrinet is committed to creating sustainable long-term value for its customers, shareholders, employees, and the communities in which it operates.
Market Price
The stock closed the day at $129.0, indicating a 1.3% decrease from the previous closing price of $130.7. Fabrinet“>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fabrinet. More…
| Total Revenues | Net Income | Net Margin |
| 2.58k | 243.32 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fabrinet. More…
| Operations | Investing | Financing |
| 158.57 | -122.77 | -73.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fabrinet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 587.22 | 37.83 |
Key Ratios Snapshot
Some of the financial key ratios for Fabrinet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.2% | 27.4% | 9.8% |
| FCF Margin | ROE | ROA |
| 3.9% | 11.2% | 7.8% |
Analysis
At GoodWhale, we recently conducted an analysis of FABRINET‘s fundamentals. After carefully examining the company’s financial and business aspects, we have assigned a Risk Rating of medium for this investment. We advise anyone interested in FABRINET to register on our website, goodwhale.com. Here, you can take a deep dive into the financial and business areas with potential risks. This information is valuable in terms of understanding the company’s prospects for success and potential risks associated with investing in it. More…
Peers
The company services a diverse set of markets, including telecommunications, data communications, aerospace and defense, industrial, life sciences, medical devices, and consumer electronics. Fabrinet has a strong competitive position in its markets, with a comprehensive suite of capabilities and a global footprint. The company’s competitors include Castech Inc, TT Electronics PLC, Gooch & Housego PLC, and others.
– Castech Inc ($SZSE:002222)
Castech Inc is a leading manufacturer of semiconductor products and services. The company has a market cap of 6.84B as of 2022 and a return on equity of 12.34%. The company’s products and services are used in a variety of electronic devices and systems, including computers, cell phones, and automotive electronics.
– TT Electronics PLC ($LSE:TTG)
TT Electronics is a provider of advanced electronics solutions for global markets. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.
TT Electronics has a market capitalisation of £232.53 million as of March 2022 and a return on equity of 3.65%. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.
– Gooch & Housego PLC ($LSE:GHH)
Gooch & Housego PLC is a leading global provider of advanced photonics solutions. They design, manufacture and supply a wide range of optical components, systems and instrumentation to meet the needs of their customers worldwide. Gooch & Housego has a market cap of 118.69M as of 2022 and a return on equity of 3.16%. The company has a strong focus on innovative photonics solutions and providing excellent customer service.
Summary
Investing analysis in Fabrinet (FAB) has been positive. Recently, the State of New Jersey Common Pension Fund D sold 1173 shares of FABRINET, indicating that the market may be cooling off on the stock. Nonetheless, analysts have rated FABRINET favorably, highlighting its impressive earnings growth, high returns on equity and solid management team.
FABRINET continues to increase its revenue and earnings, and is likely to continue to be an attractive investment. The company’s cash flow has been growing steadily and it has been able to reduce its debt load by paying down long-term debt while still investing in research and development.
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