Brinker Capital Investments LLC Boosts Stock Holdings in Fabrinet (NYSE:FN)

Brinker Capital Investments LLC boosted its stake in shares of Fabrinet (NYSE:FNGet Rating) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,230 shares of the technology company’s stock after buying an additional 668 shares during the period. Brinker Capital Investments LLC’s holdings in Fabrinet were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FN. BlackRock Inc. lifted its position in Fabrinet by 0.4% during the first quarter. BlackRock Inc. now owns 5,594,458 shares of the technology company’s stock valued at $588,146,000 after purchasing an additional 24,058 shares during the last quarter. Vanguard Group Inc. lifted its position in Fabrinet by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,173,594 shares of the technology company’s stock valued at $438,770,000 after purchasing an additional 30,481 shares during the last quarter. Capital International Investors lifted its position in Fabrinet by 108.1% during the first quarter. Capital International Investors now owns 1,529,864 shares of the technology company’s stock valued at $160,835,000 after purchasing an additional 794,833 shares during the last quarter. State Street Corp lifted its position in Fabrinet by 1.8% during the second quarter. State Street Corp now owns 1,197,845 shares of the technology company’s stock valued at $97,145,000 after purchasing an additional 21,022 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Fabrinet by 21.4% during the second quarter. Victory Capital Management Inc. now owns 977,443 shares of the technology company’s stock valued at $79,271,000 after purchasing an additional 172,296 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Up 1.9 %

Shares of FN opened at $134.25 on Monday. Fabrinet has a 1-year low of $74.57 and a 1-year high of $140.18. The company has a 50-day moving average of $130.14 and a 200 day moving average of $111.13. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 1.95.

Fabrinet (NYSE:FNGet Rating) last announced its quarterly earnings data on Monday, November 7th. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. Fabrinet had a net margin of 9.28% and a return on equity of 17.74%. The company had revenue of $655.43 million during the quarter, compared to analyst estimates of $630.67 million. During the same quarter last year, the business posted $1.21 EPS. On average, research analysts expect that Fabrinet will post 6.68 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FN shares. B. Riley raised their target price on shares of Fabrinet from $102.00 to $110.00 in a report on Tuesday, November 8th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $126.00 to $156.00 in a report on Tuesday, December 20th. Needham & Company LLC raised their target price on shares of Fabrinet from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 8th. Northland Securities raised their target price on shares of Fabrinet from $125.00 to $132.50 in a report on Thursday, October 6th. Finally, StockNews.com upgraded shares of Fabrinet from a “hold” rating to a “buy” rating in a report on Wednesday, December 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.50.

Insider Activity at Fabrinet

In related news, COO Harpal Gill sold 6,377 shares of Fabrinet stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.12, for a total transaction of $817,021.24. Following the completion of the sale, the chief operating officer now owns 35,013 shares in the company, valued at approximately $4,485,865.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Fabrinet news, CFO Csaba Sverha sold 14,194 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $121.94, for a total transaction of $1,730,816.36. Following the transaction, the chief financial officer now owns 17,009 shares of the company’s stock, valued at approximately $2,074,077.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Harpal Gill sold 6,377 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.12, for a total transaction of $817,021.24. Following the transaction, the chief operating officer now directly owns 35,013 shares in the company, valued at approximately $4,485,865.56. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Fabrinet Company Profile

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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.

See Also

Want to see what other hedge funds are holding FN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fabrinet (NYSE:FNGet Rating).

Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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