Nomura Holdings Inc. Purchases Shares of 4,803 Fabrinet (NYSE:FN)

Nomura Holdings Inc. purchased a new position in Fabrinet (NYSE:FN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,803 shares of the technology company's stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank grew its position 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 purchasing an additional 92 shares during the last quarter. Quarry LP boosted its position in shares of Fabrinet by 315.8% during the 4th quarter. Quarry LP now owns 237 shares of the technology company's stock valued at $52,000 after acquiring an additional 180 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Fabrinet by 576.2% during the 4th quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock valued at $63,000 after acquiring an additional 242 shares in the last quarter. Assetmark Inc. boosted its position in shares of Fabrinet by 12.0% during the 4th quarter. Assetmark Inc. now owns 484 shares of the technology company's stock valued at $106,000 after acquiring an additional 52 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its position in shares of Fabrinet by 17.2% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 565 shares of the technology company's stock valued at $125,000 after acquiring an additional 83 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In other news, Director Rollance E. Olson sold 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $223.98, for a total transaction of $559,950.00. Following the completion of the sale, the director now owns 23,201 shares of the company's stock, valued at $5,196,559.98. This represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. B. Riley upgraded shares of Fabrinet from a "sell" rating to a "neutral" rating and reduced their price target for the company from $178.00 to $176.00 in a research report on Friday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and issued a $280.00 price target on shares of Fabrinet in a research report on Tuesday, May 6th. Fox Advisors assumed coverage on shares of Fabrinet in a research report on Tuesday, February 18th. They issued an "overweight" rating and a $270.00 price target on the stock. Finally, Barclays set a $234.00 price target on shares of Fabrinet and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $239.29.

Fabrinet Trading Up 0.9%

Shares of FN traded up $2.16 on Friday, reaching $230.41. 542,948 shares of the company's stock were exchanged, compared to its average volume of 628,458. Fabrinet has a 12 month low of $148.55 and a 12 month high of $281.79. The stock has a market capitalization of $8.26 billion, a P/E ratio of 25.77 and a beta of 0.95. The business has a 50 day moving average price of $204.05 and a two-hundred day moving average price of $218.68.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.47 by $0.05. Fabrinet had a net margin of 10.44% and a return on equity of 18.48%. The firm had revenue of $871.80 million during the quarter, compared to the consensus estimate of $857.12 million. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The business's quarterly revenue was up 19.2% on a year-over-year basis. Equities research analysts predict that Fabrinet will post 9.4 EPS for the current year.

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.