2 weeks Ago By Defense World Staff
Shares of Fabrinet ( NYSE:FN – Get Free Report ) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $219.
00. Several analysts have commented on the company. Rosenblatt Securities upped their price objective on Fabrinet from $260.
00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co.
upped their price target on Fabrinet from $240.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th.
Jefferies Financial Group began coverage on shares of Fabrinet in a research report on Wednesday, June 26th. They issued a “hold” rating and a $230.00 price objective on the stock.
B. Riley boosted their price objective on shares of Fabrinet from $171.00 to $196.
00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Needham & Company LLC raised their target price on shares of Fabrinet from $270.00 to $280.
00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Get Our Latest Report on Fabrinet Fabrinet Stock Up 0.9 % Fabrinet ( NYSE:FN – Get Free Report ) last posted its quarterly earnings data on Monday, August 19th.
The technology company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.
35. Fabrinet had a return on equity of 18.10% and a net margin of 10.
27%. The business had revenue of $753.26 million during the quarter, compared to the consensus estimate of $732.
63 million. During the same period in the prior year, the company earned $1.68 earnings per share.
The company’s revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Fabrinet will post 9.
11 earnings per share for the current year. Insider Buying and Selling at Fabrinet In related news, EVP Edward T. Archer sold 8,690 shares of Fabrinet stock in a transaction on Thursday, September 5th.
The stock was sold at an average price of $220.26, for a total transaction of $1,914,059.40.
Following the completion of the transaction, the executive vice president now directly owns 8,333 shares of the company’s stock, valued at $1,835,426.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website .
In other Fabrinet news, CFO Csaba Sverha sold 100 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $270.00, for a total value of $27,000.
00. Following the sale, the chief financial officer now owns 19,347 shares of the company’s stock, valued at $5,223,690. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, EVP Edward T. Archer sold 8,690 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $220.
26, for a total transaction of $1,914,059.40. Following the transaction, the executive vice president now directly owns 8,333 shares of the company’s stock, valued at $1,835,426.
58. The disclosure for this sale can be found here . Over the last three months, insiders sold 44,728 shares of company stock valued at $11,645,062.
Corporate insiders own 0.51% of the company’s stock. Institutional Trading of Fabrinet Large investors have recently made changes to their positions in the stock.
Opal Wealth Advisors LLC purchased a new position in Fabrinet in the 2nd quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new stake in Fabrinet during the second quarter worth approximately $35,000. Kimelman & Baird LLC acquired a new stake in Fabrinet during the second quarter worth approximately $49,000.
Parallel Advisors LLC grew its stake in Fabrinet by 59.7% in the 4th quarter. Parallel Advisors LLC now owns 206 shares of the technology company’s stock worth $39,000 after acquiring an additional 77 shares during the period.
Finally, GAMMA Investing LLC raised its holdings in Fabrinet by 60.6% in the 1st quarter. GAMMA Investing LLC now owns 289 shares of the technology company’s stock valued at $55,000 after acquiring an additional 109 shares during the last quarter.
Institutional investors and hedge funds own 97.38% of the company’s stock. About Fabrinet ( Get Free Report Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe.
The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Further Reading Five stocks we like better than Fabrinet Trading Halts Explained CarMax’s Impressive Rally: What Investors Should Watch Next 3 Monster Growth Stocks to Buy Now MarketBeat Week in Review – 9/23 – 9/27 How Investors Can Find the Best Cheap Dividend Stocks Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter .
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