Zacks Investment Research downgraded shares of CSR PLC-ADR (CSRE) from NEUTRAL to UNDERPERFORM on January 20, 2014, with a target price of $38.60.
CSR plc is engaged in the business of developing and providing single chip wireless solutions serving the audio-visual, connectivity and location technology domains across a broad range of markets. It operates in three segments: Handset Business Unit (HBU), Audio and Consumer Business Unit (ACBU) and Automotive and PND (APBU). CSR's products are used in applications in mobile phones, cars, headsets, laptops, games consoles, portable navigation devices and a multitude of other consumer electronics products. The Company's technology portfolio includes GPS/GNSS systems, Bluetooth, Wi-Fi, FM, NFC, aptX and CVC audio codecs, JPEG, MPEG, H.264 imaging, IPS printing, microcontrollers, DSPs and broadband receivers. CSR plc is headquartered in Cambridge, UK.
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