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

Divisar Capital Management LLC trimmed its stake in Fabrinet (NYSE:FN) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,370 shares of the technology company’s stock after selling 1,671 shares during the period. Fabrinet accounts for about 0.8% of Divisar Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Divisar Capital Management LLC’s holdings in Fabrinet were worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of FN. Vanguard Group Inc. increased its position in shares of Fabrinet by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares during the period. Wasatch Advisors LP boosted its position in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Fabrinet by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after acquiring an additional 5,114 shares during the period. Invesco Ltd. grew its holdings in shares of Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after acquiring an additional 170,297 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in shares of Fabrinet by 102.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after acquiring an additional 336,173 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley Financial raised their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Barclays boosted 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Down 2.1%

FN stock opened at $502.17 on Monday. Fabrinet has a twelve month low of $148.55 and a twelve month 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 of $501.54 and a 200 day moving average of $446.89.

Fabrinet (NYSE:FN) last released 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. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Fabrinet Profile

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.