How Analysts Rated Fabrinet (NYSE:FN) Last Week?

Investors sentiment decreased to 1.25 in 2019 Q1. Its down 0.41, from 1.66 in 2018Q4. It dived, as 23 investors sold Fabrinet shares while 69 reduced holdings. 44 funds opened positions while 71 raised stakes. 33.80 million shares or 4.12% less from 35.26 million shares in 2018Q4 were reported.
Wedge Mngmt L Ltd Partnership Nc reported 280,812 shares stake. Virginia Retirement Et Al reported 0.03% of its portfolio in Fabrinet (NYSE:FN). Clark Capital Management Grp Inc Inc has invested 0.61% in Fabrinet (NYSE:FN). Walleye Trading accumulated 105 shares. Jacobs Levy Equity Management Inc stated it has 8,357 shares. New York State Common Retirement Fund reported 53,375 shares. Geode Cap Mgmt Limited Com reported 458,901 shares. Stifel Fin reported 7,064 shares. Calamos Advsrs Limited invested in 34,500 shares or 0.01% of the stock. Paradigm Cap Mngmt Incorporated New York has 3.21% invested in Fabrinet (NYSE:FN). Gsa Capital Ptnrs Llp reported 0.13% in Fabrinet (NYSE:FN). Yorktown Mgmt & owns 18,236 shares for 0.31% of their portfolio. Boothbay Fund Mngmt Ltd Limited Liability Company has 0.04% invested in Fabrinet (NYSE:FN) for 7,609 shares. Element Cap Mgmt Ltd Llc has invested 0.01% in Fabrinet (NYSE:FN). Los Angeles Mgmt Equity Research Incorporated, a California-based fund reported 15,985 shares.

Since February 7, 2019, it had 0 insider buys, and 3 sales for $2.83 million activity. $1.09 million worth of Fabrinet (NYSE:FN) shares were sold by Ng Toh-Seng. KELLY THOMAS F sold $164,364 worth of stock or 3,000 shares.

Fabrinet (NYSE:FN) Ratings Coverage

Among 2 analysts covering Fabrinet (NYSE:FN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Fabrinet had 4 analyst reports since March 11, 2019 according to SRatingsIntel. Needham maintained the shares of FN in report on Monday, May 6 with “Buy” rating. The stock has “Hold” rating by Northland Capital on Monday, March 11. As per Tuesday, May 28, the company rating was maintained by Needham. Below is a list of Fabrinet (NYSE:FN) latest ratings and price target changes.

28/05/2019 Broker: Needham Rating: Buy Old Target: $70.0000 New Target: $62.0000 Maintain
18/05/2019 Broker: BidaskScore Rating: Hold Downgrade
06/05/2019 Broker: Needham Rating: Buy Old Target: $62.0000 New Target: $68.0000 Maintain
11/03/2019 Broker: Northland Capital Rating: Hold New Target: $45 Maintain

The stock increased 1.76% or $0.9 during the last trading session, reaching $52.06. About 173,185 shares traded. Fabrinet (NYSE:FN) has risen 59.62% since July 14, 2018 and is uptrending. It has outperformed by 55.19% the S&P500.

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The company has market cap of $1.92 billion. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. It has a 17.65 P/E ratio. The companyÂ’s products comprise switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity.

More notable recent Fabrinet (NYSE:FN) news were published by: Hellenicshippingnews.com which released: “MARKETS SNAPSHOT FOR 12/07/19 – Hellenic Shipping News Worldwide” on July 12, 2019, also Fool.com with their article: “Fabrinet (FN) Q3 2019 Earnings Call Transcript – The Motley Fool” published on May 06, 2019, Seekingalpha.com published: “Fabrinet Q3 2019 Earnings Preview – Seeking Alpha” on May 05, 2019. More interesting news about Fabrinet (NYSE:FN) were released by: Seekingalpha.com and their article: “Fabrinet: Why Can’t This Stock Break Out? – Seeking Alpha” published on April 06, 2017 as well as Prnewswire.com‘s news article titled: “Cannabis Companies Seek Strong Strategies to Meet Growing Demand – PRNewswire” with publication date: July 10, 2019.

Fabrinet (NYSE:FN) Ratings Chart

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