Fabrinet (NYSE:FN – Get Free Report) Director Frank H. Levinson sold 6,000 shares of Fabrinet stock in a transaction on Friday, May 24th. The shares were sold at an average price of $241.71, for a total value of $1,450,260.00. Following the transaction, the director now owns 5,709 shares of the company’s stock, valued at approximately $1,379,922.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Fabrinet Trading Up 1.5 %
Fabrinet stock opened at $246.07 on Monday. Fabrinet has a 12 month low of $97.82 and a 12 month high of $248.00. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 32.68 and a beta of 1.04. The stock has a fifty day simple moving average of $194.73 and a two-hundred day simple moving average of $192.19.
Institutional Trading of Fabrinet
Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Fabrinet by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,333,317 shares of the technology company’s stock worth $722,017,000 after acquiring an additional 16,228 shares during the period. Advisors Asset Management Inc. grew its holdings in Fabrinet by 3.0% during the third quarter. Advisors Asset Management Inc. now owns 7,265 shares of the technology company’s stock valued at $1,210,000 after purchasing an additional 211 shares during the period. Redwood Investments LLC bought a new stake in Fabrinet during the fourth quarter valued at about $3,478,000. Wellington Management Group LLP grew its holdings in Fabrinet by 21.3% during the third quarter. Wellington Management Group LLP now owns 904,505 shares of the technology company’s stock valued at $150,709,000 after purchasing an additional 159,037 shares during the period. Finally, Sei Investments Co. grew its holdings in Fabrinet by 16.8% during the third quarter. Sei Investments Co. now owns 90,345 shares of the technology company’s stock valued at $15,053,000 after purchasing an additional 13,022 shares during the period. Institutional investors own 97.38% of the company’s stock.
Wall Street Analysts Forecast Growth
About Fabrinet
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 advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.
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