Fabrinet (NYSE:FN) Shares Purchased by Bank of New Hampshire

Bank of New Hampshire increased its holdings in Fabrinet (NYSE:FN) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,597 shares of the technology company’s stock after buying an additional 321 shares during the quarter. Bank of New Hampshire’s holdings in Fabrinet were worth $1,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FN. Huntington National Bank increased its holdings in Fabrinet by 70.4% in the 3rd quarter. Huntington National Bank now owns 138 shares of the technology company’s stock worth $33,000 after buying an additional 57 shares during the period. Kimelman & Baird LLC acquired a new position in Fabrinet in the 2nd quarter worth approximately $49,000. NBC Securities Inc. increased its holdings in Fabrinet by 732.0% in the 3rd quarter. NBC Securities Inc. now owns 208 shares of the technology company’s stock worth $49,000 after buying an additional 183 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fabrinet in the 3rd quarter worth approximately $52,000. Finally, UMB Bank n.a. increased its holdings in Fabrinet by 252.9% in the 3rd quarter. UMB Bank n.a. now owns 240 shares of the technology company’s stock worth $57,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FN shares. Barclays started coverage on shares of Fabrinet in a report on Thursday, November 14th. They issued an “equal weight” rating and a $292.00 price target on the stock. Needham & Company LLC began coverage on Fabrinet in a research report on Tuesday, November 5th. They issued a “buy” rating and a $280.00 price objective on the stock. Finally, B. Riley lowered Fabrinet from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $194.00 to $178.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $252.14.

Fabrinet Stock Performance

Shares of NYSE:FN traded up $1.56 during midday trading on Tuesday, reaching $234.35. 11,285 shares of the company’s stock traded hands, compared to its average volume of 239,222. Fabrinet has a 1 year low of $159.69 and a 1 year high of $278.38. The company has a market cap of $8.50 billion, a P/E ratio of 27.73 and a beta of 0.93. The company has a fifty day simple moving average of $236.17 and a two-hundred day simple moving average of $236.20.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, November 4th. The technology company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.01. Fabrinet had a return on equity of 18.08% and a net margin of 10.28%. The firm had revenue of $804.20 million for the quarter, compared to analyst estimates of $771.24 million. During the same quarter last year, the firm posted $1.78 EPS. The business’s revenue was up 17.3% on a year-over-year basis. As a group, research analysts forecast that Fabrinet will post 9.1 EPS for the current fiscal year.

Fabrinet Company 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.