Zacks Investment Research downgraded shares of MEMSIC INC (MEMS) from OUTPERFORM to NEUTRAL on November 01, 2012, with a target price of $2.20.
MEMSIC, Inc. designs, manufactures and markets CMOS Micro-Electro-Mechanical Systems IC products that have on-chip mixed signal processing. MEMSIC is the first and the only company that integrates a MEMS inertial sensor with mixed signal processing circuitry onto a single chip using a standard CMOS IC process. This combination of technology has successfully yielded products at substantially lower cost and higher system performance and functionality than competitive products in the market for sophisticated accelerometers. In addition, this technological approach allows the Company to easily integrate additional functions, or create new sensors, using a standard CMOS IC process to expand into other MEMS application areas beyond accelerometers.
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