Fabrinet (NYSE:FN) Institutional Investors Q4 2017 Sentiment

April 17, 2018 - By Clifton Ray

Sentiment for Fabrinet (NYSE:FN)

Fabrinet (NYSE:FN) institutional sentiment decreased to 0.9 in Q4 2017. Its down -0.11, from 1.01 in 2017Q3. The ratio turned negative, as 85 active investment managers started new or increased positions, while 94 reduced and sold their stakes in Fabrinet. The active investment managers in our partner’s database now possess: 43.87 million shares, up from 33.26 million shares in 2017Q3. Also, the number of active investment managers holding Fabrinet in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 36 Reduced: 58 Increased: 55 New Position: 30.

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The company has market cap of $1.15 billion. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. It has a 13.1 P/E ratio. The companyÂ’s products comprise switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity.

The stock increased 2.02% or $0.61 during the last trading session, reaching $30.78. About 92,213 shares traded. Fabrinet (NYSE:FN) has declined 29.14% since April 17, 2017 and is downtrending. It has underperformed by 40.69% the S&P500.

Analysts await Fabrinet (NYSE:FN) to report earnings on May, 14. They expect $0.51 earnings per share, down 10.53 % or $0.06 from last year’s $0.57 per share. FN’s profit will be $19.02M for 15.09 P/E if the $0.51 EPS becomes a reality. After $0.51 actual earnings per share reported by Fabrinet for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Quentec Asset Management Llc holds 3.82% of its portfolio in Fabrinet for 844,066 shares. Hawk Ridge Capital Management Lp owns 343,148 shares or 3.28% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.55% invested in the company for 632,600 shares. The United Kingdom-based Herald Investment Management Ltd has invested 1.49% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 201,164 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 7 sales for $8.41 million activity.

Fabrinet (NYSE:FN) Ratings Coverage

Ratings analysis reveals 71% of Fabrinet’s analysts are positive. Out of 7 Wall Street analysts rating Fabrinet, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $35 while the high is $48.0. The stock’s average target of $40.36 is 31.12% above today’s ($30.78) share price. FN was included in 10 notes of analysts from October 27, 2017. As per Monday, January 29, the company rating was maintained by Northland Capital. The stock of Fabrinet (NYSE:FN) has “Buy” rating given on Friday, October 27 by Stifel Nicolaus. The rating was downgraded by J.P. Morgan on Tuesday, November 7 to “Hold”. The stock has “Buy” rating by B. Riley & Co on Tuesday, November 7. Needham maintained the stock with “Buy” rating in Tuesday, February 6 report. The company was maintained on Wednesday, January 24 by Stifel Nicolaus. JP Morgan downgraded the shares of FN in report on Tuesday, November 7 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, November 7 by Needham. Piper Jaffray maintained Fabrinet (NYSE:FN) rating on Monday, February 5. Piper Jaffray has “Buy” rating and $42.0 target.

Fabrinet (NYSE:FN) Ratings Chart

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