Bridge City Capital LLC Has $5.27 Million Stock Holdings in Fabrinet (NYSE:FN)

Bridge City Capital LLC raised its stake in Fabrinet (NYSE:FN - Free Report) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,957 shares of the technology company's stock after acquiring an additional 2,668 shares during the period. Fabrinet makes up about 1.4% of Bridge City Capital LLC's portfolio, making the stock its 22nd biggest holding. Bridge City Capital LLC owned approximately 0.07% of Fabrinet worth $5,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of FN. Point72 Asia Singapore Pte. Ltd. bought a new stake in Fabrinet during the third quarter worth $52,000. Public Employees Retirement System of Ohio acquired a new stake in Fabrinet in the third quarter valued at about $61,000. IFP Advisors Inc raised its stake in Fabrinet by 576.2% during the fourth quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock worth $63,000 after acquiring an additional 242 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Fabrinet in the third quarter worth about $70,000. Finally, Assetmark Inc. boosted its stake in shares of Fabrinet by 12.0% in the 4th quarter. Assetmark Inc. now owns 484 shares of the technology company's stock valued at $106,000 after purchasing an additional 52 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FN shares. Needham & Company LLC reiterated a "buy" rating and set a $280.00 price objective on shares of Fabrinet in a research report on Monday, March 17th. Rosenblatt Securities reiterated a "buy" rating and set a $285.00 price target on shares of Fabrinet in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on Fabrinet from $275.00 to $265.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Fox Advisors began coverage on Fabrinet in a research report on Tuesday, February 18th. They set an "overweight" rating and a $270.00 price objective on the stock. Finally, Barclays lowered their target price on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $250.43.

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Fabrinet Stock Performance

Shares of Fabrinet stock traded down $1.58 on Thursday, reaching $207.17. 497,136 shares of the company's stock were exchanged, compared to its average volume of 549,749. The company has a market capitalization of $7.51 billion, a P/E ratio of 23.17 and a beta of 0.89. Fabrinet has a 52 week low of $159.69 and a 52 week high of $281.79. The firm's 50-day moving average is $217.58 and its two-hundred day moving average is $230.15.

Fabrinet (NYSE:FN - Get Free Report) last announced 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%. On average, analysts expect 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.