Epoch Investment Partners Inc. Acquires 6,234 Shares of Fabrinet (NYSE:FN)

Epoch Investment Partners Inc. boosted its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 345,065 shares of the technology company's stock after acquiring an additional 6,234 shares during the period. Epoch Investment Partners Inc. owned 0.95% of Fabrinet worth $75,873,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Huntington National Bank grew its stake in Fabrinet by 66.7% in the fourth quarter. Huntington National Bank now owns 230 shares of the technology company's stock valued at $51,000 after acquiring an additional 92 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Fabrinet during the 3rd quarter worth approximately $61,000. IFP Advisors Inc raised its holdings in Fabrinet by 576.2% during the 4th quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock worth $63,000 after buying an additional 242 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Fabrinet in the third quarter valued at approximately $70,000. Finally, Assetmark Inc. boosted its holdings in shares of Fabrinet by 12.0% in the fourth quarter. Assetmark Inc. now owns 484 shares of the technology company's stock valued at $106,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

Fabrinet Stock Up 7.4 %

Shares of FN stock traded up $13.75 on Thursday, reaching $200.57. The stock had a trading volume of 355,727 shares, compared to its average volume of 609,670. The firm's 50-day moving average is $201.27 and its two-hundred day moving average is $223.93. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 22.44 and a beta of 0.97. Fabrinet has a 12 month low of $148.55 and a 12 month high of $281.79.

Fabrinet (NYSE:FN - Get Free Report) last issued its 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 return on equity of 18.48% and a net margin of 10.44%. On average, sell-side analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FN has been the topic of several research reports. 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. 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. Fox Advisors began coverage on shares of Fabrinet in a research note on Tuesday, February 18th. They set an "overweight" rating and a $270.00 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of Fabrinet from $265.00 to $220.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, B. Riley upgraded shares of Fabrinet from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $178.00 to $176.00 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $235.86.

Fabrinet Company 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.