S&CO Inc. Invests $11.88 Million in Hon Hai Precision Industry Co., Ltd. Sponsored GDR $HNHPF

S&CO Inc. purchased a new stake in shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 230,310 shares of the company’s stock, valued at approximately $11,877,000.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating and issued a $22.00 price objective on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hon Hai Precision Industry Co., Ltd. Sponsored GDR currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Price Performance

Shares of OTCMKTS:HNHPF opened at $16.35 on Friday. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a fifty-two week low of $11.50 and a fifty-two week high of $20.26. The business has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $14.93.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.