Divisadero Street Capital Management LP Increases Position in Fabrinet $FN

Divisadero Street Capital Management LP raised its holdings in shares of Fabrinet (NYSE:FN) by 57.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,344 shares of the technology company’s stock after purchasing an additional 20,556 shares during the period. Divisadero Street Capital Management LP owned 0.16% of Fabrinet worth $20,544,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Fabrinet during the first quarter valued at $203,000. Empowered Funds LLC purchased a new stake in shares of Fabrinet in the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after acquiring an additional 3,717 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Fabrinet during the second quarter valued at $354,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Fabrinet by 21.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 219 shares of the technology company’s stock worth $65,000 after purchasing an additional 39 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FN. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research report on Wednesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Barclays upped their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 price target on shares of Fabrinet in a report on Monday, December 22nd. Finally, Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Price Performance

Fabrinet stock opened at $502.17 on Monday. Fabrinet has a one year low of $148.55 and a one year high of $632.99. The business’s fifty day moving average is $501.54 and its 200 day moving average is $446.89. The stock has a market capitalization of $17.99 billion, a PE ratio of 48.10 and a beta of 1.01.

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

Fabrinet Company 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.