Fabrinet (NYSE:FN) Shares Bought by First Hawaiian Bank

First Hawaiian Bank raised its position in Fabrinet (NYSE:FN – Get Rating) by 50.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,527 shares of the technology company’s stock after acquiring an additional 1,185 shares during the quarter. First Hawaiian Bank’s holdings in Fabrinet were worth $371,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Evergreen Capital Management LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth approximately $239,000. Barclays PLC grew its position in shares of Fabrinet by 57.2% during the fourth quarter. Barclays PLC now owns 48,655 shares of the technology company’s stock worth $5,764,000 after buying an additional 17,710 shares in the last quarter. Channing Global Advisors LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth approximately $328,000. Marshall Wace LLP grew its position in shares of Fabrinet by 1,833.6% during the fourth quarter. Marshall Wace LLP now owns 137,405 shares of the technology company’s stock worth $16,279,000 after buying an additional 130,299 shares in the last quarter. Finally, Capital World Investors grew its position in shares of Fabrinet by 38.2% during the fourth quarter. Capital World Investors now owns 661,785 shares of the technology company’s stock worth $78,402,000 after buying an additional 183,000 shares in the last quarter. 95.89% of the stock is owned by institutional investors.

FN stock opened at $78.47 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.92. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 15.76 and a beta of 0.93. Fabrinet has a 1 year low of $74.57 and a 1 year high of $126.28. The stock’s fifty day moving average is $88.34 and its two-hundred day moving average is $100.91.

Fabrinet (NYSE:FN – Get Rating) last posted its earnings results on Monday, May 2nd. The technology company reported $1.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.35. Fabrinet had a return on equity of 16.00% and a net margin of 8.54%. The company had revenue of $564.40 million for the quarter, compared to analysts’ expectations of $575.72 million. During the same period last year, the business posted $1.03 earnings per share. As a group, analysts predict that Fabrinet will post 5.29 EPS for the current fiscal year.

A number of research firms have commented on FN. StockNews.com raised shares of Fabrinet from a “hold” rating to a “buy” rating in a report on Monday, May 30th. Loop Capital began coverage on shares of Fabrinet in a report on Monday, April 25th. They issued a “buy” rating and a $129.00 price objective for the company. Finally, B. Riley decreased their price objective on shares of Fabrinet from $100.00 to $96.00 in a report on Tuesday, May 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.43.

Fabrinet Company Profile (Get Rating)

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.

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