On February 12, 2024, Rollance Olson, a director at Fabrinet (FN, Financial), sold 10,000 shares of the company's stock, according to a recent SEC Filing. Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products.
Over the past year, the insider has sold a total of 10,000 shares and has not made any purchases of the company's stock.
The insider transaction history for Fabrinet indicates that there have been no insider buys and 7 insider sells over the past year.
On the day of the insider's recent sale, shares of Fabrinet were trading at $205.52, giving the company a market cap of $7.336 billion.
The price-earnings ratio of Fabrinet stands at 29.20, which is above both the industry median of 21.97 and the company's historical median price-earnings ratio.
With the current share price of $205.52 and a GuruFocus Value of $145.87, Fabrinet's price-to-GF-Value ratio is 1.41, indicating that the stock is considered Significantly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
