Fabrinet (NYSE: FN) recently received a number of ratings updates from brokerages and research firms:

  • 9/5/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.
  • 8/28/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.50 price target on the stock.
  • 8/24/2017 – Fabrinet was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a broad range of advanced optical capabilities across the entire manufacturing process, including process engineering, design for manufacturability, supply chain management, manufacturing, final assembly and test. Fabrinet manufactures, assembles, and tests products for customers at its main manufacturing facilities in Bangkok, Thailand. The Company designs and manufactures its own bulk optical materials and components at its facilities in Fuzhou, the People’s Republic of China, and New Jersey, USA. “
  • 8/23/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.50 price target on the stock.
  • 8/22/2017 – Fabrinet was given a new $50.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/22/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/22/2017 – Fabrinet had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $54.00 price target on the stock, down previously from $57.00.
  • 8/22/2017 – Fabrinet had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $51.00 price target on the stock, down previously from $55.00.
  • 8/22/2017 – Fabrinet had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.
  • 8/22/2017 – Fabrinet was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/18/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.75 price target on the stock.
  • 8/14/2017 – Fabrinet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Fabrinet was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Fabrinet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/16/2017 – Fabrinet was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/14/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $48.00 price target on the stock.
  • 7/12/2017 – Fabrinet was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a broad range of advanced optical capabilities across the entire manufacturing process, including process engineering, design for manufacturability, supply chain management, manufacturing, final assembly and test. Fabrinet manufactures, assembles, and tests products for customers at its main manufacturing facilities in Bangkok, Thailand. The Company designs and manufactures its own bulk optical materials and components at its facilities in Fuzhou, the People’s Republic of China, and New Jersey, USA. “

Shares of Fabrinet (FN) traded down 0.2924% on Friday, hitting $37.5499. The stock had a trading volume of 148,850 shares. The company has a market capitalization of $1.40 billion, a P/E ratio of 14.6109 and a beta of 1.14. The firm has a 50 day moving average price of $41.60 and a 200 day moving average price of $40.22. Fabrinet has a one year low of $31.97 and a one year high of $49.63.

Fabrinet (NYSE:FN) last released its earnings results on Monday, August 21st. The technology company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.11. The firm had revenue of $370.50 million for the quarter, compared to the consensus estimate of $363.41 million. Fabrinet had a return on equity of 15.32% and a net margin of 6.84%. Fabrinet’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, equities research analysts predict that Fabrinet will post $3.46 earnings per share for the current fiscal year.

In other Fabrinet news, CFO Toh-Seng Ng sold 22,500 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $39.00, for a total transaction of $877,500.00. Following the completion of the transaction, the chief financial officer now owns 201,749 shares in the company, valued at approximately $7,868,211. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David T. Mitchell sold 52,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $41.22, for a total value of $2,164,050.00. Following the transaction, the chief executive officer now owns 42,631 shares of the company’s stock, valued at approximately $1,757,249.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 260,000 shares of company stock valued at $10,198,400. Corporate insiders own 4.30% of the company’s stock.

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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