2 weeks Ago By ABMN Staff
Fabrinet ( NYSE:FN – Get Free Report ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 1,730,000 shares, an increase of 22.7% from the August 31st total of 1,410,000 shares.
Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 551,300 shares, the days-to-cover ratio is presently 3.
1 days. Fabrinet Stock Down 1.4 % FN traded down $3.
33 during trading on Monday, reaching $236.44. 355,359 shares of the company were exchanged, compared to its average volume of 488,263.
The company’s 50-day moving average is $227.68 and its two-hundred day moving average is $220.11.
The company has a market cap of $8.55 billion, a price-to-earnings ratio of 31.84 and a beta of 0.
96. Fabrinet has a 12-month low of $149.19 and a 12-month high of $278.
38. Fabrinet ( NYSE:FN – Get Free Report ) last released its quarterly earnings results 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.
The firm had revenue of $753.26 million for the quarter, compared to analysts’ expectations of $732.63 million.
Fabrinet had a return on equity of 18.10% and a net margin of 10.27%.
The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.
68 EPS. Equities analysts forecast that Fabrinet will post 9.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth Read Our Latest Stock Report on Fabrinet Insider Buying and Selling In other news, EVP Edward T. Archer sold 8,690 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 approximately $1,835,426.
58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . In other news, EVP Edward T.
Archer sold 8,690 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $220.26, for a total value of $1,914,059.
40. Following the completion of the sale, the executive vice president now owns 8,333 shares of the company’s stock, valued at approximately $1,835,426.58.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CFO Csaba Sverha sold 100 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $270.
00, for a total value of $27,000.00. Following the completion of the sale, the chief financial officer now directly owns 19,347 shares of the company’s stock, valued at approximately $5,223,690.
The disclosure for this sale can be found here . In the last three months, insiders sold 44,728 shares of company stock valued at $11,645,062. 0.
51% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Fabrinet A number of large investors have recently bought and sold shares of FN. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Fabrinet by 977.
5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,900 shares of the technology company’s stock valued at $3,403,000 after purchasing an additional 12,610 shares in the last quarter. Cim LLC boosted its position in shares of Fabrinet by 1.
0% during the second quarter. Cim LLC now owns 5,980 shares of the technology company’s stock valued at $1,344,000 after purchasing an additional 61 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Fabrinet during the second quarter valued at approximately $482,000.
Clearbridge Investments LLC bought a new stake in shares of Fabrinet during the second quarter valued at approximately $27,911,000. Finally, Cetera Investment Advisers boosted its holdings in Fabrinet by 41.1% in the second quarter.
Cetera Investment Advisers now owns 11,166 shares of the technology company’s stock worth $2,733,000 after acquiring an additional 3,254 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.
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. Read More 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.
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