Emerald Advisers LLC Grows Stock Holdings in Fabrinet (NYSE:FN)

Emerald Advisers LLC raised its position in shares of Fabrinet (NYSE:FN - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,001 shares of the technology company's stock after buying an additional 29,834 shares during the quarter. Emerald Advisers LLC owned about 0.34% of Fabrinet worth $27,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Pathstone Holdings LLC boosted its position 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. Jennison Associates LLC acquired a new stake in Fabrinet in the third quarter worth about $745,000. Intech Investment Management LLC grew its stake in shares of Fabrinet by 76.9% during the third quarter. Intech Investment Management LLC now owns 25,535 shares of the technology company's stock worth $6,037,000 after acquiring an additional 11,102 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fabrinet by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,550 shares of the technology company's stock worth $113,621,000 after acquiring an additional 61,491 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Fabrinet by 13.9% during the third quarter. Citigroup Inc. now owns 38,115 shares of the technology company's stock valued at $9,012,000 after acquiring an additional 4,639 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Fabrinet Price Performance

FN stock traded down $1.58 during trading on Thursday, hitting $207.17. The stock had a trading volume of 497,136 shares, compared to its average volume of 549,749. Fabrinet has a twelve month low of $159.69 and a twelve month high of $281.79. The company's 50-day moving average price is $217.58 and its two-hundred day moving average price is $230.15. The stock has a market capitalization of $7.51 billion, a P/E ratio of 23.17 and a beta of 0.89.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.48 by ($0.10). Fabrinet had a return on equity of 18.48% and a net margin of 10.44%. As a group, sell-side 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.