EntryPoint Capital LLC Sells 125 Shares of Fabrinet (NYSE:FN)

EntryPoint Capital LLC lessened its stake in shares of Fabrinet (NYSE:FN) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,591 shares of the technology company’s stock after selling 125 shares during the period. EntryPoint Capital LLC’s holdings in Fabrinet were worth $570,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cynosure Group LLC raised its stake in shares of Fabrinet by 3.4% during the 3rd quarter. Cynosure Group LLC now owns 1,560 shares of the technology company’s stock worth $369,000 after purchasing an additional 51 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Fabrinet by 12.0% in the fourth quarter. Assetmark Inc. now owns 484 shares of the technology company’s stock valued at $106,000 after purchasing an additional 52 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Fabrinet by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 1,113 shares of the technology company’s stock valued at $245,000 after acquiring an additional 60 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Fabrinet by 2.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,941 shares of the technology company’s stock worth $647,000 after purchasing an additional 68 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Fabrinet by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,279 shares of the technology company’s stock valued at $721,000 after purchasing an additional 82 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FN shares. Needham & Company LLC reissued a “buy” rating and set a $280.00 target price on shares of Fabrinet in a report on Monday, March 17th. Barclays reduced their price target on Fabrinet from $292.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $285.00 price objective on shares of Fabrinet in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on Fabrinet from $275.00 to $265.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Fox Advisors started coverage on Fabrinet in a research note on Tuesday, February 18th. They issued an “overweight” rating and a $270.00 price target for the company. One investment 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. According to MarketBeat, Fabrinet presently has an average rating of “Hold” and an average target price of $250.43.

Fabrinet Stock Performance

Fabrinet stock opened at $231.74 on Tuesday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 25.92 and a beta of 0.89. Fabrinet has a 52 week low of $159.69 and a 52 week high of $281.79. The stock has a fifty day moving average of $218.73 and a 200-day moving average of $230.38.

Fabrinet (NYSE:FN) last issued its quarterly earnings data 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 net margin of 10.44% and a return on equity of 18.48%. On average, research analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Fabrinet 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.