NBC Securities Inc. Has $322,000 Holdings in Fabrinet (NYSE:FN)

NBC Securities Inc. lifted its holdings in Fabrinet (NYSE:FN - Free Report) by 163,200.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,633 shares of the technology company's stock after purchasing an additional 1,632 shares during the quarter. NBC Securities Inc.'s holdings in Fabrinet were worth $322,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in Fabrinet by 353.7% during the 1st quarter. Versant Capital Management Inc now owns 186 shares of the technology company's stock worth $37,000 after buying an additional 145 shares in the last quarter. 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 purchasing an additional 92 shares in the last quarter. Quarry LP increased 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 worth $52,000 after purchasing an additional 180 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Fabrinet during the 4th quarter worth approximately $62,000. Finally, IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Insider Buying and Selling

In related news, Director Rollance E. Olson sold 2,500 shares of the firm's stock in a transaction 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 transaction, the director now owns 23,201 shares in the company, valued at approximately $5,196,559.98. This trade represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Harpal Gill sold 18,675 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total value of $4,482,000.00. Following the completion of the transaction, the chief operating officer now directly owns 18,068 shares of the company's stock, valued at approximately $4,336,320. This trade represents a 50.83% decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FN shares. Fox Advisors assumed coverage on shares of Fabrinet in a report on Tuesday, February 18th. They set an "overweight" rating and a $270.00 target price on the stock. Rosenblatt Securities upped their target price on shares of Fabrinet from $230.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Fabrinet from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. B. Riley upgraded Fabrinet from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $178.00 to $176.00 in a research note on Friday, April 4th. Finally, Barclays set a $234.00 price objective on Fabrinet and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $239.29.

Fabrinet Stock Performance

FN traded up $4.70 on Tuesday, reaching $237.53. The company had a trading volume of 393,969 shares, compared to its average volume of 632,044. The stock has a market cap of $8.51 billion, a P/E ratio of 26.57 and a beta of 0.98. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $281.79. The company's fifty day moving average is $210.36 and its 200 day moving average is $217.64.

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. On average, sell-side analysts expect 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.