Fabrinet (FN) Given Daily Media Impact Score of 0.06

Press coverage about Fabrinet (NYSE:FN) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fabrinet earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.1232365444298 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating on shares of Fabrinet in a research note on Thursday, October 12th. B. Riley reissued a “buy” rating and set a $46.50 target price on shares of Fabrinet in a research note on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating on shares of Fabrinet in a research note on Tuesday, August 22nd. Northland Securities set a $50.00 target price on shares of Fabrinet and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Fabrinet in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Fabrinet has a consensus rating of “Hold” and a consensus price target of $46.42.

Shares of Fabrinet (NYSE FN) opened at $30.77 on Thursday. The company has a market cap of $1,158.11, a PE ratio of 12.27, a PEG ratio of 1.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.85 and a current ratio of 2.70. Fabrinet has a one year low of $28.60 and a one year high of $49.63.

Fabrinet announced that its board has approved a share repurchase program on Monday, August 21st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 21% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In related news, insider David T. Mitchell sold 50,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $1,546,500.00. Following the completion of the sale, the insider now owns 111,057 shares of the company’s stock, valued at approximately $3,434,993.01. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by insiders.

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About Fabrinet

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.

Insider Buying and Selling by Quarter for Fabrinet (NYSE:FN)

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