Capital Fund Management S.A. boosted its position in Fabrinet (NYSE:FN - Free Report) by 192.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,379 shares of the technology company's stock after buying an additional 44,326 shares during the quarter. Capital Fund Management S.A. owned approximately 0.19% of Fabrinet worth $14,815,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC raised its holdings in 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. Salem Investment Counselors Inc. bought a new stake in shares of Fabrinet during the 4th quarter worth $518,000. Janney Montgomery Scott LLC increased its position in Fabrinet by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,279 shares of the technology company's stock worth $721,000 after buying an additional 82 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fabrinet by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 660,401 shares of the technology company's stock valued at $156,145,000 after purchasing an additional 24,439 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Fabrinet by 33.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,901 shares of the technology company's stock valued at $3,057,000 after acquiring an additional 3,468 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.
Fabrinet Stock Performance
Shares of NYSE:FN traded down $4.91 during midday trading on Wednesday, reaching $183.60. 224,053 shares of the company's stock traded hands, compared to its average volume of 832,656. Fabrinet has a one year low of $148.55 and a one year high of $281.79. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 20.54 and a beta of 0.97. The stock has a 50 day moving average of $205.04 and a 200 day moving average of $226.08.
Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Rosenblatt Securities restated a "buy" rating and issued a $285.00 target price on shares of Fabrinet in a research note on Friday, March 14th. Needham & Company LLC restated a "buy" rating and issued a $280.00 price target on shares of Fabrinet in a report on Monday, March 17th. B. Riley upgraded Fabrinet from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $178.00 to $176.00 in a report on Friday, April 4th. JPMorgan Chase & Co. lowered their price target on Fabrinet from $275.00 to $265.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Fox Advisors started coverage on Fabrinet in a research note on Tuesday, February 18th. They set an "overweight" rating and a $270.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Fabrinet presently has an average rating of "Hold" and a consensus price target of $250.14.
Get Our Latest Research Report on FN
About Fabrinet
(
Free Report)
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.
Featured Articles
Before you consider Fabrinet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fabrinet wasn't on the list.
While Fabrinet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
