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Fabrinet director Olson sells $245,619 in company shares

Published 2024-05-24, 07:56 p/m
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Fabrinet (NYSE:FN), a global provider of precision optical, electro-mechanical, and electronic manufacturing services, has reported a recent transaction involving one of its directors. Rollance E. Olson, a member of the company's board, sold 1,000 shares of Fabrinet stock on May 24, 2024. The transaction was executed at a weighted average sale price per share of $245.619, with prices ranging from $245.48 to $245.87, totaling approximately $245,619.

This sale has adjusted Olson's direct ownership in the company to 24,981 ordinary shares following the transaction. Details of the sale, including the exact number of shares sold at each price point within the range, are available upon request from the Commission staff, the Issuer, or a security holder of the Issuer.

The transaction was publicly disclosed in compliance with the SEC regulations, ensuring transparency of the trading activities of the company's insiders. Investors and the market often monitor such sales as they may provide insights into an insider's perspective on the company's current valuation and future prospects.

Fabrinet specializes in complex and high-precision manufacturing services and is known for its expertise in the optical communications industry. The company's shares are traded on the New York Stock Exchange under the ticker symbol FN, and it continues to be a significant player in its sector.

The disclosed transaction was signed off by Andrew Chew, Attorney-in-fact for Rollance E. Olson, on the date of the sale. Fabrinet has not made any official statement regarding the transaction, and it remains a routine disclosure of stock trading activity by a company insider.

InvestingPro Insights

As Fabrinet (NYSE:FN) navigates the complexities of the precision manufacturing market, recent data from InvestingPro provides a snapshot of the company's financial health and market performance. With a market capitalization of $8.9 billion and a robust P/E ratio of 32.42, Fabrinet stands as a notable entity in its sector. The company's revenue for the last twelve months as of Q3 2024 stands at $2.79 billion, indicating a solid 8.08% growth. Moreover, the company's stock has experienced an impressive one-year price total return of 153.03%, highlighting strong investor confidence and market momentum.

InvestingPro Tips suggest that Fabrinet holds more cash than debt on its balance sheet, which is a positive sign for investors looking for a financially stable company. Additionally, analysts have revised their earnings upwards for the upcoming period, indicating potential growth and profitability. These insights, along with many others, are available on InvestingPro. For those interested in gaining deeper financial analysis and tips, there are currently 17 additional tips listed on InvestingPro's platform for Fabrinet, which can be accessed at: https://www.investing.com/pro/FN. To get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, use the coupon code PRONEWS24.

Investors monitoring insider transactions like that of Rollance E. Olson may also find value in considering these financial metrics and InvestingPro Tips to better understand the company's current valuation and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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