S&CO Inc. Purchases New Holdings in Hon Hai Precision Industry Co., Ltd. Sponsored GDR $HNHPF

S&CO Inc. acquired a new position in shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 230,310 shares of the company’s stock, valued at approximately $11,877,000.

Wall Street Analysts Forecast Growth

Separately, Barclays reaffirmed an “overweight” rating and set a $22.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Hon Hai Precision Industry Co., Ltd. Sponsored GDR currently has an average rating of “Buy” and a consensus price target of $22.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Price Performance

OTCMKTS HNHPF opened at $16.35 on Friday. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a 12 month low of $11.50 and a 12 month high of $20.26. The stock’s fifty day moving average price is $15.92 and its 200-day moving average price is $14.93.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.