Fabrinet (NYSE:FN) Shares Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC raised its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 124.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,888 shares of the technology company's stock after purchasing an additional 6,603 shares during the quarter. Nebula Research & Development LLC's holdings in Fabrinet were worth $2,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FN. Huntington National Bank grew its position in shares of 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. IFP Advisors Inc increased its position in Fabrinet by 576.2% during the fourth quarter. IFP Advisors Inc now owns 284 shares of the technology company's stock worth $63,000 after buying an additional 242 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Fabrinet in the 3rd quarter valued at approximately $70,000. Assetmark Inc. boosted its stake in shares of Fabrinet by 12.0% in the fourth quarter. Assetmark Inc. now owns 484 shares of the technology company's stock valued at $106,000 after buying an additional 52 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its stake in shares of Fabrinet by 17.2% during the fourth 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 during the last quarter. Institutional investors own 97.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $280.00 price objective on shares of Fabrinet in a research note on Monday, March 17th. Barclays reduced their price objective on shares of Fabrinet from $292.00 to $245.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on Fabrinet from $265.00 to $220.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Rosenblatt Securities lowered their target price on Fabrinet from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Fox Advisors started 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fabrinet currently has a consensus rating of "Hold" and a consensus price target of $235.86.

Fabrinet Stock Down 2.4 %

FN traded down $4.97 on Wednesday, reaching $202.58. 158,619 shares of the company traded hands, compared to its average volume of 814,100. Fabrinet has a one year low of $148.55 and a one year high of $281.79. The firm has a fifty day simple moving average of $198.82 and a two-hundred day simple moving average of $222.38. The company has a market cap of $7.26 billion, a P/E ratio of 22.66 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 return on equity of 18.48% and a net margin of 10.44%. On average, equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

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.