UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.65 Million Holdings in Fabrinet (NYSE:FN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,727 shares of the technology company's stock after buying an additional 11,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Fabrinet worth $16,651,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Huntington National Bank boosted its holdings in shares of Fabrinet by 66.7% in the 4th quarter. Huntington National Bank now owns 230 shares of the technology company's stock valued at $51,000 after buying an additional 92 shares during the last quarter. Quarry LP raised its position in Fabrinet by 315.8% during the fourth quarter. Quarry LP now owns 237 shares of the technology company's stock worth $52,000 after acquiring an additional 180 shares in the last quarter. IFP Advisors Inc lifted its stake in Fabrinet by 576.2% in the fourth quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock valued at $63,000 after acquiring an additional 242 shares during the last quarter. Assetmark Inc. grew its position in shares of Fabrinet by 12.0% in 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 during the period. Finally, Transamerica Financial Advisors Inc. increased its stake 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 worth $125,000 after purchasing an additional 83 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FN shares. Rosenblatt Securities raised their target price on shares of Fabrinet from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Fabrinet in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their target price on Fabrinet from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Fox Advisors started coverage on Fabrinet in a research note 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 objective on shares of Fabrinet and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $239.29.

Fabrinet Stock Performance

Shares of NYSE FN traded up $0.49 during trading hours on Monday, reaching $233.36. 468,774 shares of the stock were exchanged, compared to its average volume of 630,345. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 26.10 and a beta of 0.95. Fabrinet has a 52 week low of $148.55 and a 52 week high of $281.79. The stock's fifty day simple moving average is $205.38 and its 200 day simple moving average is $217.38.

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

Insider Activity at Fabrinet

In related news, Director Rollance E. Olson sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $223.98, for a total value of $559,950.00. Following the completion of the sale, the director now directly owns 23,201 shares in the company, valued at approximately $5,196,559.98. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is currently owned by corporate insiders.

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.