Fabrinet (NYSE:FN) insider David T. Mitchell sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $30.02, for a total value of $258,172.00. Following the sale, the insider now owns 111,057 shares of the company’s stock, valued at approximately $3,333,931.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fabrinet (FN) opened at $29.48 on Friday. The company has a market capitalization of $1,110.00, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. Fabrinet has a 12-month low of $28.35 and a 12-month high of $49.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.85 and a current ratio of 2.70.
FN has been the topic of several research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th. JPMorgan Chase & Co. lowered Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Tuesday, November 7th. B. Riley cut their price target on Fabrinet from $46.50 to $42.50 and set a “buy” rating on the stock in a research report on Friday, November 3rd. ValuEngine lowered Fabrinet from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered Fabrinet from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.42.
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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.
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