5 Best Stocks to Buy According to Steven Baughman’s Divisar Capital

 4. Fabrinet (NYSE: FN)

Baughman’s Stake Value: $20,029,000
Percentage of Steven Baughman’s 13F Portfolio: 6.76%
Number of Hedge Fund Holders: 15

Fabrinet (NYSE: FN) provides outsourced process engineering and manufacturing services. It was incorporated in 1999 and is ranked fourth on the list of 10 best stocks to buy according to Steven Baughman’s Divisar Capital. The company currently has a market capitalization of $3.45 billion. It delivered a 28.58% return in the past 12 months. 

On July 19, Needham analyst Alex Henderson raised the price target on Fabrinet (NYSE: FN) to $115 from $100 and kept a “Buy” rating on the shares. On May 3, Fabrinet announced earnings for the third quarter of 2021. It posted earnings per share of $1.00, beating the estimates by $0.04. The revenue over the period was $749.3 million, up 82.2% YoY, beating the estimates by $280.47 million. 

Steven Baughman’s Divisar Capital holds 221,579 shares in Fabrinet (NYSE: FN) worth over $20 million, representing 6.76% of their portfolio. As of the end of the first quarter, 15 hedge funds in Insider Monkey’s database of 866 funds held stakes in Fabrinet compared to 13 funds in the quarter earlier.