Fabrinet (NYSE:FN) had its Overweight rating reiterated by Piper Jaffray Companies with a $67.00 price target

ME Staff
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Analyst Ratings For Fabrinet (NYSE:FN)

Today, Piper Jaffray Companies reiterated its Overweight rating on Fabrinet (NYSE:FN) with a price target of $67.00.

There are 3 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Fabrinet (NYSE:FN) is Buy with a consensus target price of $53.40 per share, a potential 3.21% upside.

Some recent analyst ratings include

  • 3/28/2019-Fabrinet (NYSE:FN) had its Overweight rating reiterated by Piper Jaffray Companies with a $67.00 price target
  • 12/18/2018-Fabrinet (NYSE:FN) had its Buy ➝ Buy rating reiterated by Needham & Company LLC with a $62.00 price target
  • 10/22/2018-Fabrinet (NYSE:FN) has coverage initiated with a Buy ➝ Buy rating and $53.00 price target
  • 9/4/2018-Fabrinet (NYSE:FN) gets downgraded to Neutral by B. Riley with a price target of $52.00
  • 5/30/2018-Fabrinet (NYSE:FN) gets downgraded to Market Perform by Northland Securities with a price target of $33.00
  • 11/7/2017-Fabrinet (NYSE:FN) gets downgraded to Neutral by JPMorgan Chase & Co. with a price target of $42.00
  • On 3/1/2019 David T Mitchell, Director, sold 30,000 with an average share price of $57.26 per share and the total transaction amounting to $1,717,800.00.
  • On 2/25/2019 Toh-Seng Ng, CFO, sold 14,518 with an average share price of $58.85 per share and the total transaction amounting to $854,384.30.
  • On 2/22/2019 Toh-Seng Ng, CFO, sold 10,000 with an average share price of $56.94 per share and the total transaction amounting to $569,400.00.
  • On 2/19/2019 Rollance E Olson, Director, sold 5,000 with an average share price of $55.62 per share and the total transaction amounting to $278,100.00.
  • On 2/14/2019 Thomas F Kelly, Director, sold 3,000 with an average share price of $54.79 per share and the total transaction amounting to $164,370.00.
  • On 2/14/2019 Toh-Seng Ng, CFO, sold 10,000 with an average share price of $54.43 per share and the total transaction amounting to $544,300.00.
  • On 2/7/2019 David T Mitchell, Director, sold 30,000 with an average share price of $52.49 per share and the total transaction amounting to $1,574,700.00.

About Fabrinet (NYSE:FN)
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. Its 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. The company also offers solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. In addition, it designs and fabricates application-specific crystals, lenses, prisms, mirrors, and laser components and substrates, as well as other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. The company serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. Fabrinet was incorporated in 1999 and is based in George Town, the Cayman Islands.

Recent Trading Activity for Fabrinet (NYSE:FN)
Shares of Fabrinet closed the previous trading session at 51.74 −0.25 0.48% with 324800 shares trading hands.