Marshall Wace LLP Has $6.73 Million Stock Holdings in Fabrinet (NYSE:FN)

Marshall Wace LLP increased its stake in Fabrinet (NYSE:FN - Free Report) by 205.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,627 shares of the technology company's stock after acquiring an additional 20,606 shares during the quarter. Marshall Wace LLP owned approximately 0.08% of Fabrinet worth $6,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Huntington National Bank boosted its position in Fabrinet by 66.7% during the 4th quarter. Huntington National Bank now owns 230 shares of the technology company's stock worth $51,000 after acquiring an additional 92 shares during the period. IFP Advisors Inc boosted its holdings in shares of Fabrinet by 576.2% during the fourth quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock worth $63,000 after purchasing an additional 242 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fabrinet during the third quarter worth approximately $70,000. Assetmark Inc. grew its position in Fabrinet by 12.0% during the fourth quarter. Assetmark Inc. now owns 484 shares of the technology company's stock valued at $106,000 after purchasing an additional 52 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. increased its stake in Fabrinet by 17.2% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 565 shares of the technology company's stock valued at $125,000 after buying an additional 83 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FN shares. Fox Advisors began coverage on shares of Fabrinet in a report on Tuesday, February 18th. They set an "overweight" rating and a $270.00 price target on the stock. Rosenblatt Securities dropped their target price on Fabrinet from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Fabrinet from $265.00 to $220.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barclays cut their price objective 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. Finally, B. Riley upgraded shares of Fabrinet from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $178.00 to $176.00 in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fabrinet presently has a consensus rating of "Hold" and an average price target of $235.86.

Fabrinet Price Performance

FN stock traded up $2.05 on Monday, reaching $202.60. 226,016 shares of the company were exchanged, compared to its average volume of 612,905. The firm has a market capitalization of $7.26 billion, a PE ratio of 22.73 and a beta of 0.97. Fabrinet has a 12 month low of $148.55 and a 12 month high of $281.79. The stock's fifty day moving average price is $199.99 and its 200 day moving average price is $222.91.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported $2.38 EPS 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%. As a group, research 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.