1 day Ago By Defense World Staff
Commonwealth Equity Services LLC boosted its holdings in shares of Fabrinet ( NYSE:FN – Free Report ) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,746 shares of the technology company’s stock after acquiring an additional 148 shares during the quarter.
Commonwealth Equity Services LLC’s holdings in Fabrinet were worth $917,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FN. Opal Wealth Advisors LLC acquired a new stake in Fabrinet during the second quarter worth $28,000.
Parallel Advisors LLC boosted its position in shares of Fabrinet by 59.7% during the fourth quarter. Parallel Advisors LLC now owns 206 shares of the technology company’s stock worth $39,000 after buying an additional 77 shares during the period.
GAMMA Investing LLC boosted its position in shares of Fabrinet by 60.6% during the first quarter. GAMMA Investing LLC now owns 289 shares of the technology company’s stock worth $55,000 after buying an additional 109 shares during the period.
UMB Bank n.a. purchased a new position in shares of Fabrinet during the first quarter worth $57,000.
Finally, Headlands Technologies LLC purchased a new position in shares of Fabrinet during the first quarter worth $63,000. Institutional investors and hedge funds own 97.38% of the company’s stock.
Fabrinet Stock Up 3.1 % Shares of FN stock opened at $231.01 on Wednesday.
The stock has a market capitalization of $8.35 billion, a PE ratio of 30.68 and a beta of 0.
96. Fabrinet has a 52-week low of $148.97 and a 52-week high of $278.
38. The stock’s 50-day moving average price is $230.18 and its 200 day moving average price is $219.
02. Analyst Ratings Changes Several research analysts have recently commented on FN shares. B.
Riley raised their price target on Fabrinet from $171.00 to $196.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th.
Needham & Company LLC lifted their target price on Fabrinet from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 20th.
Jefferies Financial Group initiated coverage on Fabrinet in a report on Wednesday, June 26th. They issued a “hold” rating and a $230.00 target price for the company.
JPMorgan Chase & Co. lifted their target price on Fabrinet from $240.00 to $285.
00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Rosenblatt Securities lifted their target price on Fabrinet from $260.00 to $280.
00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fabrinet has a consensus rating of “Hold” and an average target price of $219.
00. Check Out Our Latest Stock Report on Fabrinet Insider Buying and Selling at Fabrinet In other news, CFO Csaba Sverha sold 100 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $270.
00, for a total transaction of $27,000.00. Following the sale, the chief financial officer now owns 19,347 shares of the company’s stock, valued at approximately $5,223,690.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In related news, EVP Edward T. Archer sold 8,690 shares of the company’s stock in a transaction that occurred on Thursday, September 5th.
The stock was sold at an average price of $220.26, for a total value of $1,914,059.40.
Following the sale, the executive vice president now owns 8,333 shares of the company’s stock, valued at approximately $1,835,426.58. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, CFO Csaba Sverha sold 100 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $270.00, for a total value of $27,000.
00. Following the completion of the sale, the chief financial officer now directly owns 19,347 shares in the company, valued at approximately $5,223,690. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 44,728 shares of company stock valued at $11,645,062. 0.51% of the stock is owned by corporate insiders.
Fabrinet Profile ( Free Report ) 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. See Also Five stocks we like better than Fabrinet Are Penny Stocks a Good Fit for Your Portfolio? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 3 Best Fintech Stocks for a Portfolio Boost Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Comparing and Trading High PE Ratio Stocks Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding FN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fabrinet ( NYSE:FN – Free Report ). Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter .
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