A number of research firms have changed their ratings and price targets for Fabrinet (NYSE: FN):

  • 11/10/2017 – 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. “
  • 11/10/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 11/7/2017 – Fabrinet was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $42.00 price target on the stock.
  • 11/7/2017 – Fabrinet had its price target lowered by analysts at Needham & Company LLC from $60.00 to $45.00. They now have a “strong-buy” rating on the stock.
  • 11/3/2017 – Fabrinet had its price target lowered by analysts at B. Riley from $46.50 to $42.50. They now have a “buy” rating on the stock.
  • 10/24/2017 – Fabrinet was upgraded by analysts at Zacks Investment Research from a “strong 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. “
  • 10/12/2017 – Fabrinet had its “buy” rating reaffirmed by analysts at Needham & Company LLC.

Shares of Fabrinet (NYSE FN) opened at $31.96 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1,209.23, a PE ratio of 12.82, a P/E/G ratio of 1.21 and a beta of 1.03. Fabrinet has a 52-week low of $28.60 and a 52-week high of $49.63.

In other news, Director Thomas F. Kelly sold 30,000 shares of Fabrinet stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.24, for a total value of $1,147,200.00. Following the completion of the transaction, the director now owns 64,635 shares in the company, valued at approximately $2,471,642.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Toh-Seng Ng sold 22,500 shares of Fabrinet stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $39.00, for a total value of $877,500.00. Following the completion of the transaction, the chief financial officer now owns 201,749 shares of the company’s stock, valued at approximately $7,868,211. The disclosure for this sale can be found here. Insiders have sold a total of 257,500 shares of company stock valued at $9,535,850 over the last three months. Corporate insiders own 3.30% 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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