MML Investors Services LLC Has $3.54 Million Stock Holdings in Fabrinet (NYSE:FN)

MML Investors Services LLC increased its position in shares of Fabrinet (NYSE:FN - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,118 shares of the technology company's stock after purchasing an additional 1,707 shares during the period. MML Investors Services LLC's holdings in Fabrinet were worth $3,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in shares of Fabrinet by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 41,775 shares of the technology company's stock worth $9,185,000 after purchasing an additional 3,016 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Fabrinet by 675.2% in the fourth quarter. Capital Research Global Investors now owns 417,020 shares of the technology company's stock valued at $91,694,000 after buying an additional 363,228 shares during the period. First Trust Advisors LP grew its position in Fabrinet by 96.0% during the fourth quarter. First Trust Advisors LP now owns 2,413 shares of the technology company's stock worth $531,000 after buying an additional 1,182 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Fabrinet by 1.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 345,065 shares of the technology company's stock worth $75,873,000 after acquiring an additional 6,234 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Fabrinet by 70.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 39,400 shares of the technology company's stock worth $8,663,000 after acquiring an additional 16,300 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Trading Up 3.0 %

FN traded up $6.14 on Thursday, reaching $211.20. The stock had a trading volume of 319,492 shares, compared to its average volume of 612,742. The firm has a 50-day moving average of $198.47 and a 200-day moving average of $222.26. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $281.79. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 23.80 and a beta of 0.97.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The technology company reported $2.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.48 by ($0.10). Fabrinet had a net margin of 10.44% and a return on equity of 18.48%. Sell-side analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FN shares. Barclays reduced their target price on Fabrinet from $292.00 to $245.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $265.00 to $220.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and set a $280.00 price objective on shares of Fabrinet in a research report on Monday, March 17th. B. Riley upgraded Fabrinet from a "sell" rating to a "neutral" rating and cut their target price for the stock from $178.00 to $176.00 in a research note on Friday, April 4th. Finally, Fox Advisors initiated 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $235.86.

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.