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

WINTON GROUP Ltd increased its position in shares of Fabrinet (NYSE:FN) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the technology company’s stock after buying 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FN. Wedge Capital Management L L P NC acquired a new position in shares of Fabrinet during the fourth quarter worth approximately $63,222,000. Whale Rock Capital Management LLC increased its position in Fabrinet by 25.8% during the third quarter. Whale Rock Capital Management LLC now owns 855,767 shares of the technology company’s stock worth $202,338,000 after acquiring an additional 175,684 shares during the period. Stephens Investment Management Group LLC bought a new stake in Fabrinet in the 4th quarter valued at $28,218,000. Vanguard Group Inc. increased its holdings in shares of 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 period. Finally, Raymond James Financial Inc. acquired a new position in Fabrinet in the 4th quarter valued at approximately $24,844,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FN shares. Fox Advisors initiated coverage on Fabrinet in a research report on Tuesday, February 18th. They set an “overweight” rating and a $270.00 price objective on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $285.00 price target on shares of Fabrinet in a report on Friday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price objective on shares of Fabrinet in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on shares of Fabrinet from $275.00 to $265.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays decreased their price objective on Fabrinet from $292.00 to $245.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fabrinet has an average rating of “Hold” and a consensus price target of $250.43.

Fabrinet Stock Down 5.3 %

NYSE:FN opened at $195.58 on Friday. The firm has a market cap of $7.09 billion, a PE ratio of 21.88 and a beta of 0.89. Fabrinet has a 12 month low of $159.69 and a 12 month high of $281.79. The company’s 50-day moving average price is $216.64 and its two-hundred day moving average price is $230.05.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 3rd. The technology company reported $2.38 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%. On average, research analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

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.