Nkcfo LLC Has $266,000 Position in Fabrinet (FN)

Nkcfo LLC raised its stake in shares of Fabrinet (NYSE:FN) by 769.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,085 shares of the technology company’s stock after purchasing an additional 4,500 shares during the period. Nkcfo LLC’s holdings in Fabrinet were worth $266,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FN. FNY Investment Advisers LLC bought a new position in shares of Fabrinet in the 1st quarter worth about $196,000. Meeder Asset Management Inc. raised its position in shares of Fabrinet by 3.0% in the 1st quarter. Meeder Asset Management Inc. now owns 7,665 shares of the technology company’s stock worth $401,000 after acquiring an additional 221 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Fabrinet by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 11,440 shares of the technology company’s stock worth $599,000 after acquiring an additional 365 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of Fabrinet by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 13,444 shares of the technology company’s stock worth $704,000 after acquiring an additional 325 shares in the last quarter. Finally, New England Research & Management Inc. bought a new position in shares of Fabrinet in the 1st quarter worth about $602,000. 96.96% of the stock is owned by institutional investors and hedge funds.

In other Fabrinet news, CFO Toh-Seng Ng sold 14,518 shares of Fabrinet stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $58.85, for a total transaction of $854,384.30. Following the completion of the transaction, the chief financial officer now owns 60,266 shares in the company, valued at approximately $3,546,654.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David T. Mitchell sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $52.57, for a total value of $1,577,100.00. Following the completion of the transaction, the director now owns 73,748 shares in the company, valued at approximately $3,876,932.36. The disclosure for this sale can be found here. Insiders have sold a total of 132,518 shares of company stock valued at $7,280,154 in the last quarter. Company insiders own 1.90% of the company’s stock.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Piper Jaffray Companies raised their target price on Fabrinet from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, January 24th. Finally, ValuEngine upgraded Fabrinet from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Fabrinet currently has an average rating of “Buy” and an average price target of $54.17.

FN stock traded down $0.12 during mid-day trading on Thursday, reaching $60.03. 329,189 shares of the company traded hands, compared to its average volume of 412,351. The company has a market capitalization of $2.17 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.40 and a beta of 0.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.26 and a current ratio of 3.19. Fabrinet has a fifty-two week low of $27.69 and a fifty-two week high of $61.18.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 4th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $403.10 million during the quarter, compared to the consensus estimate of $386.22 million. Fabrinet had a return on equity of 14.91% and a net margin of 7.08%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, sell-side analysts forecast that Fabrinet will post 3.22 earnings per share for the current fiscal year.

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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 optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test.

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Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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