Integrated Quantitative Investments LLC Invests $750,000 in Fabrinet (NYSE:FN)

Integrated Quantitative Investments LLC purchased a new stake in shares of Fabrinet (NYSE:FN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,411 shares of the technology company's stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bryce Point Capital LLC bought a new position in shares of Fabrinet during the 4th quarter valued at $505,000. Huntington National Bank raised its holdings in Fabrinet by 66.7% during the fourth quarter. Huntington National Bank now owns 230 shares of the technology company's stock valued at $51,000 after buying an additional 92 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Fabrinet by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,006,858 shares of the technology company's stock worth $221,430,000 after buying an additional 20,045 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Fabrinet by 2.5% during the 4th quarter. Franklin Resources Inc. now owns 137,109 shares of the technology company's stock worth $30,148,000 after acquiring an additional 3,318 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Fabrinet by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 156,726 shares of the technology company's stock valued at $34,461,000 after acquiring an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FN. Fox Advisors started coverage on Fabrinet in a report on Tuesday, February 18th. They issued an "overweight" rating and a $270.00 target price for the company. Needham & Company LLC restated a "buy" rating and issued a $280.00 price objective on shares of Fabrinet in a research note on Monday, March 17th. B. Riley upgraded shares of Fabrinet from a "sell" rating to a "neutral" rating and lowered their target price for the company from $178.00 to $176.00 in a research note on Friday, April 4th. Rosenblatt Securities reissued a "buy" rating and set a $285.00 target price on shares of Fabrinet in a research report on Friday, March 14th. Finally, Barclays lowered their price target on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Fabrinet currently has an average rating of "Hold" and an average price target of $250.14.

Fabrinet Stock Performance

Shares of FN traded down $17.50 during trading hours on Thursday, reaching $184.41. 406,553 shares of the company traded hands, compared to its average volume of 600,879. The stock's fifty day moving average is $207.41 and its 200 day moving average is $227.36. Fabrinet has a 1-year low of $148.55 and a 1-year high of $281.79. The stock has a market cap of $6.69 billion, a P/E ratio of 20.58 and a beta of 0.97.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The technology company reported $2.38 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%. On average, equities research analysts predict that Fabrinet will post 9.4 EPS for the current year.

Fabrinet Company 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.