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Fabrinet Founder David Mitchell Retires as Chairman

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Fabrinet Founder David Mitchell Retires as Chairman

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The latest update is out from Fabrinet ( (FN) ).

On October 13, 2025, David T. Mitchell, the founder and Chairman of Fabrinet, announced his retirement from the Board after 25 years of leadership. Under his guidance, Fabrinet evolved from a startup to a global manufacturing leader with a revenue exceeding $3.4 billion in fiscal year 2025. The Board appointed CEO Seamus Grady as the new Chairman, ensuring continuity in leadership. Mitchell’s tenure was marked by a commitment to innovation and customer service, which positioned Fabrinet as a trusted partner to leading OEMs worldwide.

The most recent analyst rating on (FN) stock is a Buy with a $430.00 price target. To see the full list of analyst forecasts on Fabrinet stock, see the FN Stock Forecast page.

Spark’s Take on FN Stock

According to Spark, TipRanks’ AI Analyst, FN is a Outperform.

Fabrinet’s strong financial performance and positive earnings call are key strengths, contributing to a solid overall score. However, technical indicators suggest potential bearish momentum, and the stock’s valuation appears high, which tempers the overall score.

To see Spark’s full report on FN stock, click here.

More about Fabrinet

Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services. The company serves original equipment manufacturers of complex products, including optical communication components, automotive components, medical devices, industrial lasers, and sensors. Fabrinet focuses on producing high complexity products across various volumes, with facilities in Thailand, the USA, China, and Israel.

Average Trading Volume: 649,940

Technical Sentiment Signal: Buy

Current Market Cap: $14.74B

For an in-depth examination of FN stock, go to TipRanks’ Overview page.

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