Fabrinet (NYSE:FN) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its position in shares of Fabrinet (NYSE:FN - Free Report) by 205.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,627 shares of the technology company's stock after buying an additional 20,606 shares during the quarter. Marshall Wace LLP owned 0.08% of Fabrinet worth $6,734,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Fabrinet by 304.6% in the 3rd quarter. Barclays PLC now owns 69,128 shares of the technology company's stock worth $16,345,000 after acquiring an additional 52,042 shares during the period. Virtu Financial LLC acquired a new stake in Fabrinet in the third quarter valued at $431,000. Sanctuary Advisors LLC increased its position in shares of Fabrinet by 23.9% in the third quarter. Sanctuary Advisors LLC now owns 2,440 shares of the technology company's stock valued at $562,000 after buying an additional 471 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Fabrinet during the 3rd quarter worth $20,187,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Fabrinet during the 3rd quarter worth $70,000. Institutional investors and hedge funds own 97.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Fabrinet from $265.00 to $220.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their price objective on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. B. Riley upgraded shares of Fabrinet from a "sell" rating to a "neutral" rating and reduced their target price for the company from $178.00 to $176.00 in a report on Friday, April 4th. Needham & Company LLC reiterated a "buy" rating and set a $280.00 price target on shares of Fabrinet in a report on Monday, March 17th. Finally, Rosenblatt Securities decreased their target price on shares of Fabrinet from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fabrinet has a consensus rating of "Hold" and an average target price of $235.86.

Fabrinet Price Performance

Shares of NYSE FN traded up $0.83 during mid-day trading on Tuesday, hitting $203.86. The company had a trading volume of 68,406 shares, compared to its average volume of 611,505. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 22.81 and a beta of 0.97. The firm's 50 day simple moving average is $199.28 and its two-hundred day simple moving average is $222.48. Fabrinet has a 12 month low of $148.55 and a 12 month high of $281.79.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly 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%. Equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

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.