WINTON GROUP Ltd Has $1.06 Million Position in Fabrinet (NYSE:FN)

WINTON GROUP Ltd increased its stake in Fabrinet (NYSE:FN) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,800 shares of the technology company’s stock after acquiring an additional 199 shares during the period. WINTON GROUP Ltd’s holdings in Fabrinet were worth $1,055,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new stake in shares of Fabrinet during the fourth quarter worth $63,222,000. Whale Rock Capital Management LLC increased its position in Fabrinet by 25.8% in the third quarter. Whale Rock Capital Management LLC now owns 855,767 shares of the technology company’s stock worth $202,338,000 after purchasing an additional 175,684 shares during the period. Stephens Investment Management Group LLC acquired a new stake in Fabrinet in the fourth quarter worth about $28,218,000. Vanguard Group Inc. raised its holdings in Fabrinet by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 4,137,579 shares of the technology company’s stock worth $909,771,000 after purchasing an additional 113,186 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fabrinet during the 4th quarter valued at about $24,844,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Down 5.3 %

Fabrinet stock opened at $195.58 on Friday. The company has a 50 day moving average of $216.64 and a 200-day moving average of $230.05. Fabrinet has a twelve month low of $159.69 and a twelve month high of $281.79. The stock has a market capitalization of $7.09 billion, a PE ratio of 21.88 and a beta of 0.89.

Fabrinet (NYSE:FN) last released 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 net margin of 10.44% and a return on equity of 18.48%. Equities analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FN. Fox Advisors began coverage on shares of Fabrinet in a research report on Tuesday, February 18th. They set an “overweight” rating and a $270.00 price target for the company. Barclays lowered their target price on shares of Fabrinet from $292.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Fabrinet from $275.00 to $265.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $280.00 price objective on shares of Fabrinet in a report on Monday, March 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $285.00 target price on shares of Fabrinet in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $250.43.

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.