Needham & Company Downgrades Spreadtrum Communications (SPRD) to Hold
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July 12, 2013 10:02 AM EDT
Canaccord Genuity downgraded Spreadtrum Communications (NASDAQ: SPRD) from Buy to Hold.
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $26.45 yesterday, with a 52 week range of $14.50-$26.69.... More
July 12, 2013 8:49 AM EDT
Topeka Capital downgraded Spreadtrum Communications (NASDAQ: SPRD) from Buy to Hold with a price target of $31.00 (from $32.00). Analyst Suji De Silva thinks Tsinghua's bid is fair.
"We believe the new increased bid from China-based Tsinghua Holdings, which Spreadtrum has agreed to, more... More
July 12, 2013 7:19 AM EDT
Tsinghua Unigroup Ltd., an operating subsidiary of Tsinghua Holdings Co. Ltd., a solely state-owned limited liability corporation funded by Tsinghua University in China, and Spreadtrum Communications, Inc. (Nasdaq: SPRD), a leading fabless semiconductor provider in China with advanced technology in 2G, 3G and 4G wireless communications standards, today jointly announced that they have entered into a definitive merger agreement under which Tsinghua Unigroup will acquire all of the outstanding Ordinary Shares of Spreadtrum for US$31.00 per... More
