Latest news with #Fabrinet
Yahoo
6 days ago
- Business
- Yahoo
Enthusiasm Over Artificial Intelligence Boosted Nova Ltd. (NVMI) in Q2
Wasatch Global Investors, an asset management company, released its 'Wasatch Small Cap Growth Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. small-cap stocks experienced significant gains this quarter, despite volatility. They initially dipped after President Trump announced unexpectedly high tariff rates, but quickly rebounded as his economic team showed signs of softening their stance. Against this backdrop, the Strategy performed in line with the Russell 2000® Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Wasatch Small Cap Growth Strategy highlighted stocks such as Nova Ltd. (NASDAQ:NVMI). Nova Ltd. (NASDAQ:NVMI) designs and develops process control systems used to manufacture semiconductors. The one-month return of Nova Ltd. (NASDAQ:NVMI) was -3.40%, and its shares gained 49.46% of their value over the last 52 weeks. On August 4, 2025, Nova Ltd. (NASDAQ:NVMI) stock closed at $272.75 per share, with a market capitalization of $8.019 billion. Wasatch Small Cap Growth Strategy stated the following regarding Nova Ltd. (NASDAQ:NVMI) in its second quarter 2025 investor letter: "Two of the strategy's top contributors to performance were technology companies, Fabrinet (FN) and Nova Ltd. (NASDAQ:NVMI). Fabrinet makes optical components that are used in data centers. Nova sells metrology and process control systems used in semiconductor manufacturing. Both businesses have benefited from the increasing use of artificial intelligence (AI). While fundamentals for the two companies remain strong, AI has been a popular investment theme and that likely played a larger role in fueling the stocks' rise." A technician calibrating a chemical mechanical planarization machine for precise applications. Nova Ltd. (NASDAQ:NVMI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Nova Ltd. (NASDAQ:NVMI) at the end of the first quarter, compared to 26 in the fourth quarter. Nova Ltd.'s (NASDAQ:NVMI) total revenues in Q1 2025 hit a record $213 million, marking fourth straight quarter of all-time highs. This represents a 10% increase quarter over quarter and a 50% increase year over year. While we acknowledge the potential of Nova Ltd. (NASDAQ:NVMI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Nova Ltd. (NASDAQ:NVMI) and shared billionaire Jim Simons' RenTech's small-cap stock picks with huge upside potential. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Here's What Fueled Fabrinet's (FN) Rise in Q2
Wasatch Global Investors, an asset management company, released its 'Wasatch Small Cap Growth Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. small-cap stocks experienced significant gains this quarter, despite volatility. They initially dipped after President Trump announced unexpectedly high tariff rates, but quickly rebounded as his economic team showed signs of softening their stance. Against this backdrop, the Strategy performed in line with the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Wasatch Small Cap Growth Strategy highlighted stocks such as Fabrinet (NYSE:FN). Fabrinet (NYSE:FN) offers optical packaging and precision optical, electro-mechanical, and electronic manufacturing services. The one-month return of Fabrinet (NYSE:FN) was 15.09%, and its shares gained 67.28% of their value over the last 52 weeks. On August 4, 2025, Fabrinet (NYSE:FN) stock closed at $329.57 per share, with a market capitalization of $11.809 billion. Wasatch Small Cap Growth Strategy stated the following regarding Fabrinet (NYSE:FN) in its second quarter 2025 investor letter: "Two of the strategy's top contributors to performance were technology companies, Fabrinet (NYSE:FN) and Nova Ltd. (NVMI). Fabrinet makes optical components that are used in data centers. Nova sells metrology and process control systems used in semiconductor manufacturing. Both businesses have benefited from the increasing use of artificial intelligence (AI). While fundamentals for the two companies remain strong, AI has been a popular investment theme and that likely played a larger role in fueling the stocks' rise." An automated assembly line displaying the advanced packaging technology used by the company. Fabrinet (NYSE:FN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Fabrinet (NYSE:FN) at the end of the first quarter, compared to 36 in the previous quarter. While we acknowledge the potential of Fabrinet (NYSE:FN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Fabrinet (NYSE:FN) and shared the latest analyst views on Coatue's favorite 33 AI stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Is Fabrinet (FN) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Fabrinet (FN) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Fabrinet is one of 607 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Fabrinet is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for FN's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the latest available data, FN has gained about 30.4% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 7% on a year-to-date basis. This means that Fabrinet is performing better than its sector in terms of year-to-date returns. Another Computer and Technology stock, which has outperformed the sector so far this year, is CSG Systems (CSGS). The stock has returned 28.4% year-to-date. In CSG Systems' case, the consensus EPS estimate for the current year increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Fabrinet belongs to the Electronics - Miscellaneous Components industry, which includes 24 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have gained 4.5% this year, meaning that FN is performing better in terms of year-to-date returns. CSG Systems, however, belongs to the Computer - Services industry. Currently, this 9-stock industry is ranked #210. The industry has moved +5% so far this year. Investors interested in the Computer and Technology sector may want to keep a close eye on Fabrinet and CSG Systems as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fabrinet (FN) : Free Stock Analysis Report CSG Systems International, Inc. (CSGS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Fabrinet to Present at Rosenblatt Securities 5th Annual Technology Summit
BANGKOK, June 03, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present virtually at the Rosenblatt Securities 5 th Annual Technology Summit. The Fabrinet presentation is scheduled for Tuesday, June 10, 2025 at 11:00 a.m. EDT (8:00 a.m. PDT). A live webcast, as well as a replay, will be accessible at About Fabrinet Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People's Republic of China and Israel. For more information visit:
Yahoo
29-05-2025
- Automotive
- Yahoo
Barclays Analyst Highlights Continued Telecom Strength for Fabrinet (NYSE:FN)
Barclays analyst George Wang recently lowered the price target on Fabrinet (NYSE:FN) to $234 from $245 and kept an Equal Weight rating on the shares. Fabrinet offers optical packaging, along with precision optical, electro-mechanical, and electronic manufacturing services. In an investor note, the analyst noted that the company reported solid fiscal Q3 results, though they were overshadowed by softer Datacom despite continued Telecom strength. The advisory sensed that the 1.6T cycle timing was slightly shifted to the right or at a minimum came with great uncertainty when the cycle started. An automated assembly line displaying the advanced packaging technology used by the company. While disclosing earnings for the third fiscal quarter, the firm provided guidance for the fourth fiscal quarter, with revenue expected between $860 million and $900 million and non-GAAP earnings per share of $2.55 to $2.70. CEO Grady expressed optimism about continued growth in Telecom and Automotive segments, while highlighting potential moderation in Automotive growth due to prior outsized performance. While we acknowledge the potential of FN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
