Fabrinet (NYSE:FN – Get Rating) Director Homa Bahrami sold 1,400 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $98.05, for a total transaction of $137,270.00. Following the transaction, the director now owns 32,739 shares in the company, valued at approximately $3,210,058.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Fabrinet Price Performance
Shares of NYSE:FN traded up $13.79 during trading on Friday, hitting $118.96. The company’s stock had a trading volume of 1,514,503 shares, compared to its average volume of 294,712. The company has a 50-day moving average of $100.94 and a 200-day moving average of $118.15. Fabrinet has a 12 month low of $74.57 and a 12 month high of $140.18. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 17.95 and a beta of 1.15.
Institutional Investors Weigh In On Fabrinet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FN. Capital International Investors raised its stake in Fabrinet by 108.1% during the 1st quarter. Capital International Investors now owns 1,529,864 shares of the technology company’s stock worth $160,835,000 after acquiring an additional 794,833 shares during the period. Envestnet Asset Management Inc. raised its stake in Fabrinet by 1,165.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 625,576 shares of the technology company’s stock worth $6,388,000 after acquiring an additional 576,147 shares during the period. Driehaus Capital Management LLC bought a new stake in Fabrinet during the 4th quarter worth approximately $41,668,000. Alyeska Investment Group L.P. bought a new stake in Fabrinet during the 1st quarter worth approximately $33,032,000. Finally, JPMorgan Chase & Co. raised its stake in Fabrinet by 149.3% during the 4th quarter. JPMorgan Chase & Co. now owns 444,021 shares of the technology company’s stock worth $56,933,000 after acquiring an additional 265,920 shares during the period. Institutional investors own 97.13% of the company’s stock.
Wall Street Analyst Weigh In
Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm’s engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors, subsystems, customized optics, and optical modules and components.
- Get a free copy of the StockNews.com research report on Fabrinet (FN)
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