Shares of Fabrinet (NYSE:FN) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.88.
Several research firms have recently weighed in on FN. Needham & Company LLC restated a “buy” rating on shares of Fabrinet in a research report on Thursday, October 12th. Zacks Investment Research upgraded Fabrinet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley decreased their target price on Fabrinet from $46.50 to $42.50 and set a “buy” rating on the stock in a research report on Friday, November 3rd. JPMorgan Chase & Co. downgraded Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th.
Fabrinet (NYSE:FN) opened at $29.25 on Tuesday. The firm has a market capitalization of $1,100.00, a P/E ratio of 11.65, a PEG ratio of 1.11 and a beta of 0.99. Fabrinet has a 1 year low of $28.60 and a 1 year high of $49.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.70 and a quick ratio of 1.85.
Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its stake in Fabrinet by 14.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,727 shares of the technology company’s stock worth $117,000 after acquiring an additional 338 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Fabrinet by 68.5% during the second quarter. Riverhead Capital Management LLC now owns 2,864 shares of the technology company’s stock worth $122,000 after acquiring an additional 1,164 shares during the last quarter. Flinton Capital Management LLC increased its stake in Fabrinet by 62.7% during the second quarter. Flinton Capital Management LLC now owns 3,706 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,428 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Fabrinet during the third quarter worth $161,000. Finally, Russell Investments Group Ltd. increased its stake in Fabrinet by 139.7% during the third quarter. Russell Investments Group Ltd. now owns 4,821 shares of the technology company’s stock worth $179,000 after acquiring an additional 2,810 shares during the last quarter. 94.23% of the stock is owned by hedge funds and other institutional investors.
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Fabrinet Company Profile
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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