Fabrinet (NYSE:FN) insider David T. Mitchell sold 8,600 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $30.02, for a total value of $258,172.00. Following the completion of the transaction, the insider now directly owns 111,057 shares in the company, valued at $3,333,931.14. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Fabrinet (NYSE:FN) opened at $29.16 on Thursday. The firm has a market capitalization of $1,100.00, a price-to-earnings ratio of 11.62, a PEG ratio of 1.11 and a beta of 1.00. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.03. Fabrinet has a 1 year low of $28.35 and a 1 year high of $49.63.

A number of research analysts have commented on FN shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Fabrinet in a report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Fabrinet in a report on Friday, November 10th. Zacks Investment Research lowered Fabrinet from a “hold” rating to a “sell” rating in a report on Friday, November 10th. JPMorgan Chase & Co. lowered Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a report on Tuesday, November 7th. Finally, B. Riley decreased their price objective on Fabrinet from $46.50 to $42.50 and set a “buy” rating on the stock in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Fabrinet currently has an average rating of “Hold” and a consensus price target of $46.42.

Several large investors have recently added to or reduced their stakes in FN. Schwab Charles Investment Management Inc. lifted its position in shares of Fabrinet by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 212,410 shares of the technology company’s stock valued at $9,062,000 after acquiring an additional 11,664 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Fabrinet by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 575,295 shares of the technology company’s stock valued at $24,542,000 after acquiring an additional 14,743 shares during the period. Legal & General Group Plc lifted its position in shares of Fabrinet by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 72,454 shares of the technology company’s stock valued at $3,093,000 after acquiring an additional 6,646 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Fabrinet by 55.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,806 shares of the technology company’s stock valued at $461,000 after acquiring an additional 3,865 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Fabrinet by 1,190.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,450 shares of the technology company’s stock valued at $574,000 after acquiring an additional 12,408 shares during the period. Hedge funds and other institutional investors own 94.61% of the company’s stock.

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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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