Divisar Capital Management LLC Sells 1,671 Shares of Fabrinet $FN

Divisar Capital Management LLC decreased its position in shares of Fabrinet (NYSE:FN) by 16.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,370 shares of the technology company’s stock after selling 1,671 shares during the period. Fabrinet makes up approximately 0.8% of Divisar Capital Management LLC’s holdings, making the stock its 24th largest holding. Divisar Capital Management LLC’s holdings in Fabrinet were worth $3,052,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Fabrinet during the 3rd quarter valued at about $34,000. Elevation Point Wealth Partners LLC bought a new stake in Fabrinet in the 2nd quarter worth approximately $35,000. CI Investments Inc. boosted its stake in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after buying an additional 43 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after acquiring an additional 29 shares during the last quarter. Finally, MAI Capital Management grew its position in Fabrinet by 86.7% during the second quarter. MAI Capital Management now owns 183 shares of the technology company’s stock valued at $54,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Performance

NYSE:FN opened at $502.17 on Monday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99. The firm has a market cap of $17.99 billion, a PE ratio of 48.10 and a beta of 1.01. The business has a 50 day moving average price of $501.54 and a 200-day moving average price of $446.89.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Research analysts predict that Fabrinet will post 9.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FN. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Barclays increased their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Finally, B. Riley Financial raised their price objective on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.