JSF Financial LLC Invests $765,000 in Fabrinet (NYSE:FN)

JSF Financial LLC purchased a new position in Fabrinet (NYSE:FN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,481 shares of the technology company's stock, valued at approximately $765,000.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its position in shares of Fabrinet by 3.2% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,375 shares of the technology company's stock valued at $325,000 after acquiring an additional 43 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Fabrinet by 2.7% in the third quarter. Wolff Wiese Magana LLC now owns 1,765 shares of the technology company's stock valued at $417,000 after acquiring an additional 47 shares during the period. Cynosure Group LLC increased its position in shares of Fabrinet by 3.4% in the third quarter. Cynosure Group LLC now owns 1,560 shares of the technology company's stock valued at $369,000 after acquiring an additional 51 shares during the period. Trust Point Inc. increased its position in shares of Fabrinet by 4.7% in the third quarter. Trust Point Inc. now owns 1,272 shares of the technology company's stock valued at $301,000 after acquiring an additional 57 shares during the period. Finally, Huntington National Bank increased its position in shares of Fabrinet by 70.4% in the third quarter. Huntington National Bank now owns 138 shares of the technology company's stock valued at $33,000 after acquiring an additional 57 shares during the period. 97.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FN. Needham & Company LLC restated a "buy" rating and issued a $280.00 price objective on shares of Fabrinet in a research report on Tuesday, February 4th. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Fabrinet from $292.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. B. Riley cut shares of Fabrinet from a "neutral" rating to a "sell" rating and reduced their price target for the company from $194.00 to $178.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $275.00 to $265.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $243.29.

Fabrinet Trading Up 3.4 %

FN traded up $7.31 during midday trading on Friday, reaching $221.34. The company's stock had a trading volume of 407,072 shares, compared to its average volume of 707,014. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 24.83 and a beta of 0.92. Fabrinet has a 1 year low of $159.69 and a 1 year high of $281.79. The stock's 50-day moving average is $227.62 and its 200-day moving average is $233.30.

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 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, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.