Fabrinet (NYSE:FN) Shares Bought by Sigma Planning Corp

Sigma Planning Corp raised its holdings in shares of Fabrinet (NYSE:FN) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,499 shares of the technology company’s stock after acquiring an additional 91 shares during the quarter. Sigma Planning Corp’s holdings in Fabrinet were worth $549,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FN. Cynosure Group LLC grew its position in shares of Fabrinet by 3.4% in the 3rd quarter. Cynosure Group LLC now owns 1,560 shares of the technology company’s stock valued at $369,000 after buying an additional 51 shares during the last quarter. Huntington National Bank boosted its stake in Fabrinet by 70.4% in the third quarter. Huntington National Bank now owns 138 shares of the technology company’s stock valued at $33,000 after acquiring an additional 57 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Fabrinet by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 1,113 shares of the technology company’s stock worth $245,000 after purchasing an additional 60 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Fabrinet by 2.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,941 shares of the technology company’s stock worth $647,000 after purchasing an additional 68 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Fabrinet by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,279 shares of the technology company’s stock valued at $721,000 after purchasing an additional 82 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Performance

Shares of FN opened at $215.33 on Thursday. Fabrinet has a 1 year low of $159.69 and a 1 year high of $281.79. The stock has a market capitalization of $7.81 billion, a P/E ratio of 24.09 and a beta of 0.92. The company’s fifty day moving average is $224.88 and its two-hundred day moving average is $234.52.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported $2.38 earnings per share (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%. Sell-side analysts predict that Fabrinet will post 9.4 EPS for the current year.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of research reports. Fox Advisors initiated coverage on Fabrinet in a research note on Tuesday, February 18th. They set an “overweight” rating and a $270.00 price target on the stock. Barclays lowered their target price on shares of Fabrinet from $292.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $275.00 to $265.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and set a $280.00 price target on shares of Fabrinet in a research note on Tuesday, February 4th. Finally, B. Riley lowered shares of Fabrinet from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $194.00 to $178.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $246.63.

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.