Edward Archer, the Executive Vice President of Sales & Marketing at Fabrinet (FN, Financial), sold 8,690 shares of the company on September 5, 2024. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 8,333 shares of Fabrinet.
Fabrinet is a specialized optical packaging and precision optical, electro-mechanical, and electronic manufacturing services company. The company provides these services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers, and sensors.
On the day of the sale, shares of Fabrinet were priced at $220.26, giving the company a market cap of approximately $8.13 billion. The price-earnings ratio of the stock stood at 27.75, above both the industry median of 21.285 and the company's historical median.
The GF Value of Fabrinet is estimated at $163.73, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.35.
Over the past year, there have been no insider buys and 12 insider sells at Fabrinet. Edward Archer's recent transaction follows this trend of insider selling, as he has sold a total of 8,690 shares over the past year without any recorded purchases.
This insider activity occurs amidst a backdrop where the stock's valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past returns and growth, and future performance estimates from analysts.
The sale by Edward Archer provides an insight into the insider trading dynamics at Fabrinet, reflecting a continuation of the selling trend observed over the past year among company insiders.
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.
