Erste Asset Management GmbH Has $6.27 Million Holdings in Fabrinet (NYSE:FN)

Erste Asset Management GmbH lifted its position in shares of Fabrinet (NYSE:FN - Free Report) by 34.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,785 shares of the technology company's stock after acquiring an additional 7,410 shares during the period. Erste Asset Management GmbH owned approximately 0.08% of Fabrinet worth $6,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Fabrinet by 0.7% during the 4th quarter. Swiss National Bank now owns 71,040 shares of the technology company's stock worth $15,620,000 after acquiring an additional 500 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Fabrinet by 7.1% during the 4th quarter. Truvestments Capital LLC now owns 2,514 shares of the technology company's stock worth $553,000 after acquiring an additional 167 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Fabrinet by 94.4% during the 4th quarter. HighTower Advisors LLC now owns 7,431 shares of the technology company's stock worth $1,634,000 after acquiring an additional 3,608 shares during the period. Johnson Investment Counsel Inc. bought a new stake in shares of Fabrinet during the 4th quarter worth approximately $1,938,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Fabrinet by 15.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,534 shares of the technology company's stock valued at $2,096,000 after purchasing an additional 1,262 shares during the last quarter. Institutional investors own 97.38% of the company's stock.

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Fabrinet Stock Up 0.6 %

NYSE FN traded up $1.32 on Tuesday, hitting $222.73. The company's stock had a trading volume of 640,783 shares, compared to its average volume of 547,146. Fabrinet has a 1-year low of $159.69 and a 1-year high of $281.79. The company's 50-day moving average is $219.21 and its 200 day moving average is $230.63. The firm has a market cap of $8.08 billion, a PE ratio of 24.91 and a beta of 0.89.

Fabrinet (NYSE:FN - Get Free Report) last posted 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 return on equity of 18.48% and a net margin of 10.44%. On average, equities analysts expect that Fabrinet will post 9.4 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on FN shares. JPMorgan Chase & Co. dropped their price objective on shares of Fabrinet from $275.00 to $265.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and issued a $280.00 price objective on shares of Fabrinet in a research note on Monday. B. Riley downgraded shares of Fabrinet from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $194.00 to $178.00 in a research note on Wednesday, November 20th. Fox Advisors started coverage on shares of Fabrinet in a research note on Tuesday, February 18th. They issued an "overweight" rating and a $270.00 price objective for the company. Finally, Barclays dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Fabrinet has a consensus rating of "Hold" and an average price target of $246.63.

About Fabrinet

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.