MML Investors Services LLC trimmed its holdings in Fabrinet (NYSE:FN – Get Rating) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,741 shares of the technology company’s stock after selling 251 shares during the quarter. MML Investors Services LLC’s holdings in Fabrinet were worth $262,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in shares of Fabrinet by 546.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 349 shares of the technology company’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Fabrinet by 164.5% during the 3rd quarter. Ellevest Inc. now owns 291 shares of the technology company’s stock worth $28,000 after acquiring an additional 181 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Fabrinet during the 3rd quarter worth approximately $48,000. Atlas Capital Advisors LLC purchased a new stake in shares of Fabrinet during the 3rd quarter worth approximately $56,000. Finally, Signaturefd LLC raised its holdings in Fabrinet by 74.4% during the 3rd quarter. Signaturefd LLC now owns 586 shares of the technology company’s stock valued at $56,000 after buying an additional 250 shares during the period. 97.13% of the stock is currently owned by institutional investors.
Insider Activity at Fabrinet
In related news, Director Rollance E. Olson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $126.33, for a total transaction of $631,650.00. Following the sale, the director now owns 34,699 shares of the company’s stock, valued at $4,383,524.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Fabrinet Trading Down 2.1 %
FN opened at $118.06 on Friday. Fabrinet has a 12-month low of $74.57 and a 12-month high of $140.18. The business’s fifty day simple moving average is $127.74 and its 200-day simple moving average is $118.48. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 18.65 and a beta of 1.17.
Fabrinet Company Profile
Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm’s engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors, subsystems, customized optics, and optical modules and components.
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