Apple announces iPhone 17 with 48MP cameras and 6.3-inch display
Director Rollance E. Olson of Fabrinet (NASDAQ:FN), a prominent player in the Electronic Equipment industry with a market cap of $12.08 billion, sold 9,000 ordinary shares of the company on September 2, 2025, in two separate transactions, for a total value of $3,007,100. The sales occurred near the stock’s 52-week high, with prices ranging between $334.107 and $334.565, amid the company’s impressive 76% gain over the past six months.
The first sale involved 8,700 shares. The second sale involved 300 shares.
Following these transactions, Olson directly owns 14,201 shares of Fabrinet .
In other recent news, Fabrinet reported its fourth-quarter 2025 earnings, achieving an earnings per share of $2.65, which slightly surpassed analysts’ expectations of $2.64. The company’s revenue also exceeded forecasts, reaching $910 million compared to the projected $883 million. Barclays responded to these better-than-expected results by raising its price target for Fabrinet to $329.00, citing strong demand in the optical sector. Meanwhile, JPMorgan upgraded Fabrinet’s stock from Neutral to Overweight, setting a new price target of $345.00. This decision followed a recent pullback in Fabrinet shares, attributed to supply shortages and unmet elevated expectations. Additionally, a Raymond James analysis highlighted Fabrinet’s positive impact on major clients like Cisco, which saw a 59% sales increase year-over-year. The report emphasized the strength of ZR/ZR+ technology as a positive indicator for Cisco’s performance. These developments suggest favorable conditions for Fabrinet and its partners in the telecommunications and networking sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.