Fabrinet (NYSE:FN) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Fabrinet (NYSE:FN) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,060 shares of the technology company’s stock after purchasing an additional 202 shares during the period. Captrust Financial Advisors’ holdings in Fabrinet were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Fabrinet by 70.4% during the 3rd quarter. Huntington National Bank now owns 138 shares of the technology company’s stock worth $33,000 after purchasing an additional 57 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Fabrinet during the 2nd quarter valued at approximately $35,000. Kimelman & Baird LLC purchased a new stake in shares of Fabrinet during the 2nd quarter valued at approximately $49,000. NBC Securities Inc. raised its position in shares of Fabrinet by 732.0% during the 3rd quarter. NBC Securities Inc. now owns 208 shares of the technology company’s stock valued at $49,000 after buying an additional 183 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Fabrinet by 252.9% during the 3rd quarter. UMB Bank n.a. now owns 240 shares of the technology company’s stock valued at $57,000 after buying an additional 172 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Trading Up 0.8 %

Fabrinet stock opened at $247.86 on Monday. Fabrinet has a twelve month low of $159.69 and a twelve month high of $278.38. The stock’s fifty day simple moving average is $245.00 and its 200-day simple moving average is $238.14. The firm has a market capitalization of $8.99 billion, a P/E ratio of 29.33 and a beta of 0.92.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.01. Fabrinet had a return on equity of 18.08% and a net margin of 10.28%. The business had revenue of $804.20 million for the quarter, compared to analyst estimates of $771.24 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts predict that Fabrinet will post 9.1 earnings per share for the current year.

Analyst Ratings Changes

FN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Fabrinet from $240.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. B. Riley lowered 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. Rosenblatt Securities boosted their target price on Fabrinet from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC started coverage on Fabrinet in a research report on Tuesday, November 5th. They issued a “buy” rating and a $280.00 target price on the stock. Finally, Barclays started coverage on Fabrinet in a research report on Thursday, November 14th. They issued an “equal weight” rating and a $292.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $252.14.

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.