Marvell Offloads Auto Ethernet Segment To Infineon Tech For $2.5 Billion Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2025
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Source: Benzinga
Marvell Technology's Deal: Marvell Technology, Inc. announced a $2.5 billion all-cash deal to sell its Automotive Ethernet business to Infineon Technologies, which is expected to close by the end of 2025 pending regulatory approvals.
Financial Projections and Market Response: The sale is projected to generate $225 million to $250 million in revenue by 2025 with a gross margin of around 60%, and Marvell shares rose 3.82% in premarket trading following the announcement.
Analyst Views on SPRX
Wall Street analysts forecast SPRX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPRX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 41.110
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Current: 41.110
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
