<div id="readability-page-1"><p>Divisadero Street Capital Management LP acquired a new stake in  Fabrinet (NYSE:FN - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  acquired 35,788 shares of the technology company's stock, valued at approximately $10,546,000. Divisadero Street Capital Management LP owned about 0.10% of Fabrinet at the end of the most recent quarter.</p><ul><li>The Best Way to Invest in Gold Is...</li></ul><p>A number of other hedge funds and other institutional investors have also modified their holdings of FN. Cerity Partners LLC grew its stake in shares of  Fabrinet by 564.7% during the second quarter. Cerity Partners LLC now owns 21,934 shares of the technology company's stock worth $6,464,000 after purchasing an additional 18,634 shares in the last quarter.  Intrinsic Edge Capital Management LLC purchased a new stake in  Fabrinet during the 2nd quarter worth about $7,071,000.  Epoch Investment Partners Inc. lifted its holdings in  Fabrinet by 34.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company's stock worth $153,831,000 after buying an additional 132,780 shares during the last quarter.  First Trust Advisors LP boosted its position in shares of  Fabrinet by 21.9% during the 2nd quarter. First Trust Advisors LP now owns 2,313 shares of the technology company's stock worth $682,000 after acquiring an additional 415 shares in the last quarter.  Finally, EverSource Wealth Advisors LLC boosted its position in shares of  Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock worth $157,000 after acquiring an additional 454 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Fabrinet Trading Up 1.5%</h2><p>Shares of NYSE FN opened at $479.07 on Monday. The stock has a market cap of $17.16 billion, a P/E ratio of 49.34 and a beta of 1.05. Fabrinet has a twelve month low of $148.55 and a twelve month high of $498.00. The stock has a 50 day moving average of $418.24 and a two-hundred day moving average of $344.67. </p><h2>Insider Activity at Fabrinet</h2><ul><li>Why Warren Buffett Is Selling: A Look at His Latest Market Moves</li></ul><p>In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of Fabrinet stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total value of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares in the company, valued at approximately $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of the company's stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the sale, the chief executive officer directly owned 23,573 shares of the company's stock, valued at $10,535,952.35. The trade was a 48.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,151 shares of company stock worth $12,643,707 in the last 90 days. 0.24% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several brokerages have recently weighed in on FN. Rosenblatt Securities raised their target price on Fabrinet from $425.00 to $550.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, November 4th. Zacks Research upgraded shares of Fabrinet from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Thursday, October 23rd. JPMorgan Chase &amp; Co. raised their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, November 4th. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Fabrinet in a report on Tuesday, December 2nd. Finally, Northland Securities  set a $550.00 target price on shares of Fabrinet in a research report on Tuesday, November 4th. One research analyst  has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fabrinet  has an average rating of &#34;Moderate Buy&#34; and an average target price of $451.29.</p><ul><li>Retail Sector Comeback Plays: SPDR S&amp;P Retail ETF, FND, and SHAK </li></ul><p><b>View Our Latest Report on Fabrinet</b></p><h2>Fabrinet Profile</h2> (Free Report)<p>Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Fabrinet</li><li>Top Biotech Stocks: Exploring Innovation Opportunities</li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>What is the S&amp;P/TSX Index?</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZO?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZO"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fabrinet Right Now?</h2><p>Before you consider Fabrinet, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fabrinet wasn't on the list.</p><p>While Fabrinet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Divisadero Street Capital Management LP acquired 35,788 shares of Fabrinet, valued at $10,546,000, during Q2. Other institutional investors also increased their holdings. Fabrinet's stock opened at $479.07, with a market cap of $17.16 billion. Analysts have given Fabrinet a "Moderate Buy" rating, with a target price of $451.29.</p>

Divisadero Street Capital Management LP Makes New Investment in Fabrinet $FN