Zacks Investment Research downgraded shares of SPREADTRUM-ADR (SPRD) from OUTPERFORM to NEUTRAL on June 04, 2013, with a target price of $23.50.
Spreadtrum is a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market. Spreadtrum combines its semiconductor expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management.
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