Calamos Advisors LLC Buys Shares of 9,077 Fabrinet (FN)

Calamos Advisors LLC bought a new position in shares of Fabrinet (NYSE:FN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,077 shares of the company’s stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of Fabrinet during the third quarter worth $104,000. Creative Planning increased its stake in shares of Fabrinet by 49.5% in the third quarter. Creative Planning now owns 2,810 shares of the company’s stock worth $125,000 after buying an additional 930 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Fabrinet during the third quarter worth $145,000. Teacher Retirement System of Texas increased its stake in shares of Fabrinet by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,223 shares of the company’s stock worth $157,000 after buying an additional 511 shares during the period. Finally, Advisors Preferred LLC increased its stake in shares of Fabrinet by 1,034.4% in the third quarter. Advisors Preferred LLC now owns 3,789 shares of the company’s stock worth $169,000 after buying an additional 3,455 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

Shares of Fabrinet (NYSE:FN) traded up 5.3172% during trading on Monday, reaching $47.3401. 905,957 shares of the company traded hands. Fabrinet has a 12 month low of $25.82 and a 12 month high of $47.50. The company has a 50-day moving average of $39.66 and a 200-day moving average of $40.80. The stock has a market capitalization of $1.75 billion, a PE ratio of 20.0000 and a beta of 1.50.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, February 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The business earned $351.20 million during the quarter, compared to analyst estimates of $335.07 million. Fabrinet had a net margin of 7.32% and a return on equity of 15.24%. The firm’s quarterly revenue was up 50.7% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. Analysts forecast that Fabrinet will post $3.48 earnings per share for the current fiscal year.

“Calamos Advisors LLC Buys Shares of 9,077 Fabrinet (FN)” was first reported by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The correct version of this piece can be read at http://sleekmoney.com/calamos-advisors-llc-buys-shares-of-9077-fabrinet-fn/1658496.html.

A number of brokerages have weighed in on FN. B. Riley reissued a “buy” rating and issued a $53.75 price target on shares of Fabrinet in a report on Tuesday, February 7th. Stifel Nicolaus raised their price objective on shares of Fabrinet from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective (up from $54.00) on shares of Fabrinet in a report on Monday, October 31st. J P Morgan Chase & Co set a $50.00 price objective on shares of Fabrinet and gave the stock a “buy” rating in a report on Wednesday, January 25th. Finally, Piper Jaffray Companies raised their price objective on shares of Fabrinet from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, February 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Fabrinet has an average rating of “Buy” and a consensus price target of $50.25.

In related news, CEO David T. Mitchell sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $39.31, for a total value of $2,948,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David T. Mitchell sold 74,828 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $40.56, for a total transaction of $3,035,023.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 224,828 shares of company stock valued at $9,119,024. 4.30% of the stock is owned by company insiders.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

5 Day Chart for NYSE:FN

Want to see what other hedge funds are holding FN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fabrinet (NYSE:FN).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/calamos-advisors-llc-buys-shares-of-9077-fabrinet-fn/1658496.html

Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *