Calamos Wealth Management LLC Acquires Shares of 3,351 Fabrinet (NYSE:FN)

Calamos Wealth Management LLC acquired a new position in Fabrinet (NYSE:FNFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,351 shares of the technology company’s stock, valued at approximately $638,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Fabrinet by 1.7% during the first quarter. BlackRock Inc. now owns 5,776,976 shares of the technology company’s stock worth $686,074,000 after acquiring an additional 93,882 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Fabrinet by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,333,317 shares of the technology company’s stock valued at $722,017,000 after purchasing an additional 16,228 shares during the last quarter. FMR LLC raised its holdings in Fabrinet by 9.7% during the 3rd quarter. FMR LLC now owns 1,987,726 shares of the technology company’s stock valued at $331,195,000 after buying an additional 174,945 shares during the period. Capital International Investors lifted its position in Fabrinet by 108.1% in the first quarter. Capital International Investors now owns 1,529,864 shares of the technology company’s stock worth $160,835,000 after buying an additional 794,833 shares during the last quarter. Finally, State Street Corp lifted its stake in Fabrinet by 0.8% in the second quarter. State Street Corp now owns 1,258,991 shares of the technology company’s stock worth $163,518,000 after purchasing an additional 9,757 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fabrinet news, Director Rollance E. Olson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $205.52, for a total value of $2,055,200.00. Following the completion of the transaction, the director now directly owns 25,981 shares of the company’s stock, valued at $5,339,615.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is owned by corporate insiders.

Fabrinet Price Performance

FN stock opened at $162.32 on Friday. The firm’s fifty day simple moving average is $194.70 and its 200-day simple moving average is $185.35. Fabrinet has a 12 month low of $90.19 and a 12 month high of $229.02. The company has a market capitalization of $5.89 billion, a P/E ratio of 23.46 and a beta of 1.04.

Fabrinet (NYSE:FNGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.84 by $0.05. The company had revenue of $712.69 million for the quarter, compared to analyst estimates of $699.76 million. Fabrinet had a net margin of 9.35% and a return on equity of 17.27%. As a group, sell-side analysts forecast that Fabrinet will post 7.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FN. Needham & Company LLC lowered their price target on Fabrinet from $230.00 to $220.00 and set a “buy” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on shares of Fabrinet from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Rosenblatt Securities restated a “buy” rating and set a $230.00 price target on shares of Fabrinet in a research note on Tuesday, February 6th. Finally, Northland Securities raised shares of Fabrinet from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $220.00 in a report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $159.57.

Read Our Latest Analysis on FN

Fabrinet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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