Fabrinet (NYSE:FN) shares saw strong trading volume on Monday . 1,002,725 shares were traded during trading, an increase of 76% from the previous session’s volume of 568,244 shares.The stock last traded at $42.03 and had previously closed at $40.59.

Several equities research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $42.25 target price on shares of Fabrinet in a research report on Friday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Fabrinet in a research report on Sunday, May 29th. Stifel Nicolaus lifted their target price on shares of Fabrinet from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, May 3rd. Needham & Company LLC raised their price target on shares of Fabrinet from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, May 3rd. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $44.00 price target (up previously from $36.00) on shares of Fabrinet in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Fabrinet presently has an average rating of “Buy” and a consensus price target of $40.61.

The company has a market capitalization of $1.52 billion and a P/E ratio of 28.03. The firm’s 50 day moving average is $37.53 and its 200-day moving average is $33.23.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, August 15th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm earned $276.40 million during the quarter, compared to analysts’ expectations of $262.95 million. Fabrinet’s quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts expect that Fabrinet will post $2.10 earnings per share for the current fiscal year.

In other Fabrinet news, Director Homa Bahrami sold 5,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 18,616 shares in the company, valued at approximately $657,889.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank H. Levinson sold 19,942 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $33.50, for a total value of $668,057.00. Following the completion of the sale, the director now owns 53,887 shares of the company’s stock, valued at $1,805,214.50. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of 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 in the last quarter. Argent Capital Management LLC bought a new position in Fabrinet during the fourth quarter valued at approximately $1,285,000. US Bancorp DE raised its position in Fabrinet by 65.0% in the fourth quarter. US Bancorp DE now owns 62,187 shares of the company’s stock valued at $1,481,000 after buying an additional 24,498 shares during the last quarter. California State Teachers Retirement System raised 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. Finally, California Public Employees Retirement System raised 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.

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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