539 Shares in Fabrinet (NYSE:FN) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in Fabrinet (NYSE:FN) in the first quarter, Holdings Channel reports. The fund acquired 539 shares of the technology company’s stock, valued at approximately $102,000.

A number of other institutional investors have also recently bought and sold shares of FN. Park Place Capital Corp acquired a new stake in shares of Fabrinet in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC bought a new stake in shares of Fabrinet during the fourth quarter worth $34,000. Parallel Advisors LLC grew its stake 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 last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fabrinet during the fourth quarter worth $52,000. Finally, UMB Bank n.a. bought a new stake in shares of Fabrinet during the first quarter worth $57,000. Institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Frank H. Levinson sold 6,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $241.71, for a total value of $1,450,260.00. Following the sale, the director now owns 5,709 shares in the company, valued at approximately $1,379,922.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by company insiders.

Fabrinet Trading Up 2.1 %

Shares of NYSE FN opened at $220.94 on Friday. The firm’s 50-day moving average price is $241.42 and its 200-day moving average price is $212.28. Fabrinet has a 1-year low of $114.83 and a 1-year high of $266.39. The firm has a market capitalization of $7.99 billion, a P/E ratio of 29.34 and a beta of 0.96.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 6th. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.28. Fabrinet had a net margin of 9.90% and a return on equity of 17.67%. The company had revenue of $731.54 million for the quarter, compared to analyst estimates of $718.94 million. Equities research analysts forecast that Fabrinet will post 7.95 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on FN. B. Riley decreased their target price on shares of Fabrinet from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Fabrinet in a research note on Tuesday, May 7th. Jefferies Financial Group assumed coverage on shares of Fabrinet in a research report on Wednesday, June 26th. They set a “hold” rating and a $230.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Fabrinet from $210.00 to $212.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and an average target price of $168.67.

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.