Shares of Fabrinet (NYSE:FN) saw unusually-strong trading volume on Monday . Approximately 327,250 shares changed hands during trading, a decline of 17% from the previous session’s volume of 393,802 shares.The stock last traded at $37.57 and had previously closed at $36.59.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Needham & Company LLC boosted their price objective on Fabrinet from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Fabrinet in a research report on Sunday, May 29th. B. Riley upgraded Fabrinet to a “buy” rating and set a $42.25 price objective for the company in a research report on Monday, May 9th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $44.00 price objective (up from $36.00) on shares of Fabrinet in a research report on Thursday, May 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $40.18.

The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 24.82. The stock has a 50-day moving average of $36.12 and a 200-day moving average of $30.68.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company earned $250.90 million during the quarter, compared to the consensus estimate of $242.80 million. The business’s revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities analysts predict that Fabrinet will post $2.10 earnings per share for the current year.

In other Fabrinet news, Director Homa Bahrami sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $35.34, for a total value of $176,700.00. Following the completion of the transaction, the director now owns 18,616 shares of the company’s stock, valued at approximately $657,889.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David T. Mitchell sold 75,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $33.88, for a total value of $2,541,000.00. Following the completion of the transaction, the chief executive officer now directly owns 597,322 shares of the company’s stock, valued at approximately $20,237,269.36. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Russell Frank Co bought a new position in shares of Fabrinet during the fourth quarter worth about $2,381,000. California State Teachers Retirement System increased its position in Fabrinet by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 65,601 shares of the company’s stock valued at $1,563,000 after buying an additional 1,100 shares during the last quarter. Rhumbline Advisers increased its position in Fabrinet by 4.2% in the fourth quarter. Rhumbline Advisers now owns 52,330 shares of the company’s stock valued at $1,247,000 after buying an additional 2,125 shares during the last quarter. California Public Employees Retirement System increased its position in Fabrinet by 16.1% in the fourth quarter. California Public Employees Retirement System now owns 188,700 shares of the company’s stock valued at $4,495,000 after buying an additional 26,200 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Fabrinet by 2.7% in the fourth quarter. New York State Common Retirement Fund now owns 71,953 shares of the company’s stock valued at $1,714,000 after buying an additional 1,900 shares during the last quarter.

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex 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 entire 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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