Diversified Trust Co Acquires 482 Shares of Fabrinet (NYSE:FN)

Diversified Trust Co raised its holdings in Fabrinet (NYSE:FN) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,251 shares of the technology company’s stock after acquiring an additional 482 shares during the quarter. Diversified Trust Co’s holdings in Fabrinet were worth $1,814,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Barclays PLC increased its holdings in Fabrinet by 304.6% in the third quarter. Barclays PLC now owns 69,128 shares of the technology company’s stock valued at $16,345,000 after purchasing an additional 52,042 shares during the period. nVerses Capital LLC acquired a new position in shares of Fabrinet in the third quarter worth approximately $567,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Fabrinet by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 480,550 shares of the technology company’s stock worth $113,621,000 after acquiring an additional 61,491 shares during the period. Pathstone Holdings LLC increased its position in Fabrinet by 40.7% during the 3rd quarter. Pathstone Holdings LLC now owns 8,219 shares of the technology company’s stock valued at $1,943,000 after purchasing an additional 2,378 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Fabrinet during the 3rd quarter worth approximately $2,398,000. Institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FN shares. Needham & Company LLC started coverage on shares of Fabrinet in a research report on Tuesday, November 5th. They set a “buy” rating and a $280.00 price objective for the company. 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. Finally, Barclays assumed coverage on Fabrinet in a research report on Thursday, November 14th. They set an “equal weight” rating and a $292.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $252.14.

Fabrinet Price Performance

Shares of FN opened at $233.16 on Thursday. The stock has a 50-day moving average of $235.35 and a 200-day moving average of $236.05. Fabrinet has a one year low of $159.69 and a one year high of $278.38. The company has a market cap of $8.46 billion, a PE ratio of 27.59 and a beta of 0.93.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $771.24 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Fabrinet will post 9.1 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.