Somewhat Positive Media Coverage Somewhat Unlikely to Affect Fabrinet (FN) Share Price

Media stories about Fabrinet (NYSE:FN) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fabrinet earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.5119672737119 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Fabrinet (NYSE FN) opened at $27.74 on Friday. 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 cap of $1,042.72, a P/E ratio of 11.05, a P/E/G ratio of 1.04 and a beta of 1.00. Fabrinet has a 52-week low of $27.35 and a 52-week high of $49.63.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.07). Fabrinet had a net margin of 6.60% and a return on equity of 14.35%. analysts forecast that Fabrinet will post 2.22 earnings per share for the current fiscal year.

Several research firms recently issued reports on FN. ValuEngine lowered shares of Fabrinet from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Piper Jaffray Companies reiterated a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Fabrinet from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Needham & Company LLC reduced their price target on shares of Fabrinet from $60.00 to $45.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.42.

In related news, insider David T. Mitchell sold 50,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.93, for a total value of $1,546,500.00. Following the completion of the transaction, the insider now owns 111,057 shares of the company’s stock, valued at approximately $3,434,993.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David T. Mitchell sold 8,600 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $30.02, for a total transaction of $258,172.00. Following the completion of the transaction, the insider now directly owns 111,057 shares of the company’s stock, valued at approximately $3,333,931.14. The disclosure for this sale can be found here. In the last three months, insiders sold 108,600 shares of company stock valued at $3,306,172. 3.30% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Fabrinet (NYSE:FN)

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