4,851 Shares in Fabrinet (NYSE:FN) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of Fabrinet (NYSE:FN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,851 shares of the technology company's stock, valued at approximately $1,067,000.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of Fabrinet by 304.6% during the 3rd quarter. Barclays PLC now owns 69,128 shares of the technology company's stock worth $16,345,000 after buying an additional 52,042 shares during the period. nVerses Capital LLC bought a new position in shares of Fabrinet in the 3rd quarter worth $567,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fabrinet by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,550 shares of the technology company's stock worth $113,621,000 after purchasing an additional 61,491 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Fabrinet in the 3rd quarter worth $2,398,000. Finally, Pathstone Holdings LLC lifted its holdings in shares of Fabrinet by 40.7% in the 3rd quarter. Pathstone Holdings LLC now owns 8,219 shares of the technology company's stock worth $1,943,000 after purchasing an additional 2,378 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FN shares. Needham & Company LLC reiterated a "buy" rating and issued a $280.00 target price on shares of Fabrinet in a report on Tuesday, February 4th. Barclays cut their target price on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. B. Riley cut Fabrinet from a "neutral" rating to a "sell" rating and cut their target price for the stock from $194.00 to $178.00 in a report on Wednesday, November 20th. Rosenblatt Securities increased their target price on Fabrinet from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their target price on Fabrinet from $275.00 to $265.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $243.29.

Fabrinet Stock Up 4.3 %

NYSE:FN traded up $9.26 during trading hours on Friday, hitting $223.29. 617,109 shares of the company traded hands, compared to its average volume of 714,760. The firm's 50-day simple moving average is $227.62 and its 200-day simple moving average is $233.30. Fabrinet has a one year low of $159.69 and a one year high of $281.79. The company has a market cap of $8.10 billion, a PE ratio of 24.98 and a beta of 0.92.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The technology company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.10). Fabrinet had a net margin of 10.44% and a return on equity of 18.48%. As a group, equities research analysts expect that Fabrinet will post 9.4 EPS for the current year.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.