Fabrinet (FN) Insider David T. Mitchell Sells 8,600 Shares

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Fabrinet by 0.4% during the second quarter. BlackRock Inc. now owns 4,328,966 shares of the technology company’s stock worth $184,673,000 after buying an additional 17,385 shares during the period. Northern Trust Corp increased its position in Fabrinet by 5.0% during the second quarter. Northern Trust Corp now owns 630,019 shares of the technology company’s stock worth $26,876,000 after buying an additional 30,080 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fabrinet by 4.8% in the second quarter. Vanguard Group Inc. now owns 1,984,041 shares of the technology company’s stock valued at $84,640,000 after purchasing an additional 90,477 shares during the period. Legal & General Group Plc increased its holdings in shares of Fabrinet by 10.1% in the second quarter. Legal & General Group Plc now owns 72,454 shares of the technology company’s stock valued at $3,093,000 after purchasing an additional 6,646 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Fabrinet by 3.8% in the second quarter. Paradigm Capital Management Inc. NY now owns 648,700 shares of the technology company’s stock valued at $27,674,000 after purchasing an additional 23,500 shares during the period. 94.61% of the stock is currently owned by institutional investors.

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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.

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

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