Fabrinet (NYSE:FN) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its position in shares of Fabrinet (NYSE:FN - Free Report) by 266.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,411 shares of the technology company's stock after purchasing an additional 28,664 shares during the quarter. Jump Financial LLC owned 0.11% of Fabrinet worth $8,666,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FN. Huntington National Bank increased its holdings in Fabrinet by 66.7% in 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Fabrinet during the third quarter worth about $61,000. IFP Advisors Inc increased its stake 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Fabrinet during the 3rd quarter worth about $70,000. Finally, Assetmark Inc. boosted its holdings in Fabrinet by 12.0% in the 4th quarter. Assetmark Inc. now owns 484 shares of the technology company's stock worth $106,000 after buying an additional 52 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $285.00 target price on shares of Fabrinet in a report on Friday, March 14th. Fox Advisors assumed coverage on shares of Fabrinet in a report on Tuesday, February 18th. They issued an "overweight" rating and a $270.00 price objective for the company. B. Riley upgraded Fabrinet from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $178.00 to $176.00 in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on Fabrinet from $265.00 to $220.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Needham & Company LLC reissued a "buy" rating and set a $280.00 price objective on shares of Fabrinet in a research note on Monday, March 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $243.71.

Fabrinet Price Performance

Shares of NYSE:FN traded down $11.14 during mid-day trading on Monday, reaching $172.52. 211,254 shares of the company were exchanged, compared to its average volume of 604,211. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 19.30 and a beta of 0.97. Fabrinet has a 1 year low of $148.55 and a 1 year high of $281.79. The firm's 50-day simple moving average is $203.49 and its 200 day simple moving average is $225.00.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The technology company reported $2.38 earnings per share (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%. On average, research analysts forecast that Fabrinet will post 9.4 earnings per share 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.