Fabrinet (NYSE:FN) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Fabrinet (NYSE:FN - Free Report) by 28.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 88,801 shares of the technology company's stock after acquiring an additional 19,673 shares during the period. Barclays PLC owned approximately 0.24% of Fabrinet worth $19,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Huntington National Bank grew its stake in Fabrinet by 66.7% during the 4th quarter. Huntington National Bank now owns 230 shares of the technology company's stock valued at $51,000 after purchasing an additional 92 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Fabrinet during the third quarter worth approximately $61,000. IFP Advisors Inc increased its stake in shares of Fabrinet by 576.2% in the fourth quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock worth $63,000 after buying an additional 242 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Fabrinet during the 3rd quarter valued at $70,000. Finally, Assetmark Inc. grew its holdings in Fabrinet by 12.0% during the 4th quarter. Assetmark Inc. now owns 484 shares of the technology company's stock worth $106,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Fabrinet from $265.00 to $220.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. B. Riley upgraded Fabrinet from a "sell" rating to a "neutral" rating and cut their price objective for the company from $178.00 to $176.00 in a research note on Friday, April 4th. Barclays decreased their target price on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities dropped their price target on Fabrinet from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Fox Advisors began coverage on shares of Fabrinet in a report on Tuesday, February 18th. They issued an "overweight" rating and a $270.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $235.86.

Fabrinet Stock Up 5.5 %

NYSE FN traded up $9.71 during trading hours on Wednesday, hitting $186.85. The company had a trading volume of 1,081,659 shares, compared to its average volume of 609,910. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $281.79. The firm has a market cap of $6.69 billion, a P/E ratio of 20.90 and a beta of 0.97. The business has a fifty day simple moving average of $202.00 and a 200-day simple moving average of $224.18.

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%. Equities analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Fabrinet 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.