Fabrinet (FN) Touches $36.81 Formed H&S; Digimarc (DMRC) Shorts Down By 7.55%

Digimarc Corporation (NASDAQ:DMRC) Logo

Fabrinet (FN) formed inverse H&S with $39.75 target or 8.00% above today’s $36.81 share price. Fabrinet (FN) has $1.36 billion valuation. The stock decreased 1.55% or $0.58 during the last trading session, reaching $36.81. About 205,819 shares traded. Fabrinet (NYSE:FN) has declined 0.57% since June 14, 2017 and is downtrending. It has underperformed by 13.14% the S&P500. Some Historical FN News: ; 07/05/2018 – FABRINET 3Q ADJ EPS 71C, EST. 71C; 07/05/2018 – Fabrinet 3Q Rev $332.2M; 07/05/2018 – FABRINET 3Q REV. $332.2M, EST. $319.3M; 15/05/2018 – Fabrinet Presenting at JPMorgan Conference Tomorrow; 17/04/2018 – U.S. suppliers to ZTE may find more demand from China firm’s rivals; 07/05/2018 – FABRINET SEES 4Q ADJ EPS 73C TO 77C, EST. 75C; 02/05/2018 – Intrinsic Edge Capital Buys New 1.1% Position in Fabrinet; 07/05/2018 – Fabrinet Sees 4Q Rev $334M-$342M; 07/05/2018 – Fabrinet 3Q EPS 55c; 07/05/2018 – Fabrinet Sees 4Q EPS 55c-EPS 59c

Digimarc Corporation (NASDAQ:DMRC) had a decrease of 7.55% in short interest. DMRC’s SI was 1.36M shares in June as released by FINRA. Its down 7.55% from 1.47M shares previously. With 85,400 avg volume, 16 days are for Digimarc Corporation (NASDAQ:DMRC)’s short sellers to cover DMRC’s short positions. The SI to Digimarc Corporation’s float is 14.45%. The stock increased 4.68% or $1.35 during the last trading session, reaching $30.2. About 87,829 shares traded or 20.73% up from the average. Digimarc Corporation (NASDAQ:DMRC) has declined 14.26% since June 14, 2017 and is downtrending. It has underperformed by 26.83% the S&P500. Some Historical DMRC News: ; 11/05/2018 – Digimarc Sets May 2018 Financial Conference Schedule; 01/05/2018 – Digimarc Presenting at Cowen Conference May 31; 05/03/2018 Digimarc Showcases Digimarc Barcode at Largest Retail Exhibition in Japan; 23/05/2018 – Digimarc Presenting at Conference Tomorrow; 21/04/2018 – DJ Digimarc Corporation, Inst Holders, 1Q 2018 (DMRC); 27/04/2018 – DIGIMARC CORP – ANNOUNCED A NEW 15-YEAR PARTNERSHIP WITH MICROSOFT; 30/04/2018 – Digimarc Presenting at Conference May 30; 14/05/2018 – Digimarc Announces Support for SmartLabel®; 09/04/2018 – Digimarc Guardian Unveils Piracy Impact Service at London Book Fair; 25/04/2018 – Digimarc 1Q Loss/Shr 72c

More news for Digimarc Corporation (NASDAQ:DMRC) were recently published by: Nasdaq.com, which released: “Research Report Identifies Carolina Financial, Dicerna Pharmaceuticals, On Assignment, Digimarc, CIRCOR …” on May 18, 2018. Prnewswire.com‘s article titled: “Digimarc Quality Control Technology Integrated into GlobalVision Workflow” and published on June 05, 2018 is yet another important article.

Among 7 analysts covering Digimarc (NASDAQ:DMRC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Digimarc had 19 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 24. The company was initiated on Friday, June 17 by Craig Hallum. Needham maintained it with “Buy” rating and $33 target in Thursday, February 23 report. As per Friday, February 16, the company rating was initiated by FBR Capital. On Thursday, September 14 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Outperform” rating by Imperial Capital on Friday, July 24. The rating was downgraded by Craig Hallum on Friday, July 7 to “Hold”. On Thursday, November 3 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating given on Monday, July 10 by Cowen & Co. On Thursday, April 26 the stock rating was maintained by Needham with “Buy”.

Digimarc Corporation provides media identification and management solutions to commercial entities and government clients in the United States and internationally. The company has market cap of $341.11 million. It primarily offers Digimarc Discover, and Digimarc Barcode and Intuitive Computing Platform that are designed to optimize the identification of various consumer brand impressions facilitating mobile-centric shopping. It currently has negative earnings. The companyÂ’s solutions identifies, tracks, manages, and protects content; and enables new consumer applications to access networks and information from personal computers and mobile devices.

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.25, from 0.93 in 2017Q4. It is positive, as 9 investors sold Digimarc Corporation shares while 13 reduced holdings. 6 funds opened positions while 20 raised stakes. 5.79 million shares or 1.42% more from 5.70 million shares in 2017Q4 were reported. Lafitte Cap Mgmt Lp has invested 0.13% in Digimarc Corporation (NASDAQ:DMRC). Group Incorporated One Trading Ltd Partnership owns 1,937 shares. Wasatch Advsr invested in 0.02% or 78,344 shares. Jpmorgan Chase And Com reported 2,076 shares or 0% of all its holdings. Ameritas Invest Ptnrs accumulated 751 shares. Awm Invest, New York-based fund reported 50,945 shares. Rhumbline Advisers has 10,022 shares for 0% of their portfolio. 3,245 are owned by Metropolitan Life Insurance Co New York. Schwab Charles Invest Mngmt Inc has 0% invested in Digimarc Corporation (NASDAQ:DMRC). Primecap Management Communication Ca owns 413,000 shares for 0.01% of their portfolio. Connors Investor Service Inc has 0.05% invested in Digimarc Corporation (NASDAQ:DMRC) for 13,060 shares. Arrow Fin owns 200 shares. Royal National Bank Of Canada holds 0% in Digimarc Corporation (NASDAQ:DMRC) or 5,100 shares. Manufacturers Life Insurance The has invested 0% in Digimarc Corporation (NASDAQ:DMRC). The New York-based D E Shaw has invested 0% in Digimarc Corporation (NASDAQ:DMRC).

Investors sentiment increased to 0.96 in 2018 Q1. Its up 0.06, from 0.9 in 2017Q4. It is positive, as 34 investors sold Fabrinet shares while 51 reduced holdings. 29 funds opened positions while 53 raised stakes. 36.25 million shares or 17.37% less from 43.87 million shares in 2017Q4 were reported. First Advsrs Ltd Partnership stated it has 0.01% in Fabrinet (NYSE:FN). Ls Investment Advisors Ltd Com holds 1,122 shares or 0% of its portfolio. Moreover, Texas Permanent School Fund has 0.01% invested in Fabrinet (NYSE:FN). The Georgia-based Atlantic Trust Gp Lc has invested 0% in Fabrinet (NYSE:FN). Signaturefd Ltd Liability Corp accumulated 0% or 3 shares. Natixis Advisors Lp holds 116,999 shares. California State Teachers Retirement Sys has invested 0% in Fabrinet (NYSE:FN). State Of Tennessee Treasury Department accumulated 26,549 shares or 0% of the stock. Ny State Common Retirement Fund holds 50,980 shares. Brandes Partners Limited Partnership invested in 0.22% or 331,353 shares. Tocqueville Asset Lp holds 815,498 shares. Northern Corp reported 632,546 shares or 0.01% of all its holdings. First Quadrant Lp Ca holds 0.02% or 39,491 shares. Ariel Invests Limited Liability Company has invested 0.02% in Fabrinet (NYSE:FN). California Pub Employees Retirement reported 132,678 shares.

Analysts await Fabrinet (NYSE:FN) to report earnings on August, 20. They expect $0.75 EPS, up 4.17% or $0.03 from last year’s $0.72 per share. FN’s profit will be $27.67M for 12.27 P/E if the $0.75 EPS becomes a reality. After $0.55 actual EPS reported by Fabrinet for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Since January 8, 2018, it had 0 insider buys, and 14 selling transactions for $15.93 million activity. Mitchell David T. sold $47,970 worth of Fabrinet (NYSE:FN) on Tuesday, January 9. 40,044 shares valued at $1.48M were sold by Gill Harpal on Friday, May 25. The insider Ng Toh-Seng sold $1.00 million.

Digimarc Corporation (NASDAQ:DMRC) Institutional Positions Chart