Tech Stock Downgrades to Watch: RNOW, WDC, OVTI, LDK, ASYS, MRVL, YOKU, NTAP

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending November 18th, 2011.

  • Rightnow Tech (NASDAQ:RNOW): JMP Securities downgraded its rating on this company from Mkt Outperform to Mkt Perform on Nov 14th. The shares recently traded at $42.85, up $0.06, or 0.14% since the analyst’s rating. About the company: RightNow Technologies, Inc. provides on demand customer relationship management software and services. The Company’s solution uses a self-learning knowledgebase to deliver customer self-service, e-mail management, live interaction, issue tracking, and customer satisfaction measurement capabilities. Get the most recent company news and stock data here >>
  • Western Digital (NYSE:WDC): Needham downgraded its rating on this company from Buy to Hold on Nov 15th. The shares recently traded at $26.11, up $1.06, or 4.23% since the analyst’s rating. About the company: Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications. Get the most recent company news and stock data here >>
  • OmniVision (NASDAQ:OVTI): Needham downgraded its rating on this company from Strong Buy to Hold on Nov 15th. The shares recently traded at $11.73, down $1.19, or 9.21% since the analyst’s rating. About the company: OmniVision Technologies, Inc. provides integrated single chip semiconductor imaging devices. The Company designs, develops, and markets semiconductor imaging devices for computing, communications, and consumer electronics applications. OmniVision’s image sensor product is used in cameras and camera related products such as personal computer, digital, and security cameras. Get the most recent company news and stock data here >>
  • LDK Solar (NYSE:LDK): Kaufman Bros downgraded its rating on this company from Hold to Sell and changed its price target from $5 to $2 on Nov 15th. The shares recently traded at $2.83, down $0.56, or 16.52% since the analyst’s rating. About the company: LDK Solar Company, Ltd. manufactures multicrystalline solar wafers. The Company sells multicrystalline wafers globally to manufacturers of photovoltaic products including solar cells and solar modules. Solar wafers are the principal raw material used to produce solar cells which convert sunlight into electricity. Get the most recent company news and stock data here >>
  • Amtech Systems (NASDAQ:ASYS): Feltl & Co. downgraded its rating on this company from Buy to Hold and changed its price target from $18 to $10 on Nov 16th. The shares recently traded at $8.33, down $0.29, or 3.36% since the analyst’s rating. About the company: Amtech Systems, Inc. manufactures and sells capital equipment. The Company’s products include silicon wafer handling automation, semiconductor processing equipment, and related consumables used in fabricating semiconductor devices. Amtech operates offices in the United States and the Netherlands. Get the most recent company news and stock data here >>
  • Global Power Equipment (NASDAQ:GLPW): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold on Nov 16th. The shares recently traded at $23.76, down $1.99, or 7.73% since the analyst’s rating. About the company: Global Power Equipment Group Inc. provides gas turbine power generation equipment to original equipment manufacturers worldwide. The Company also provides routine and specialty maintenance services to United States based nuclear, coal-fired, fossil, and hydroelectric power plants. Get the most recent company news and stock data here >>
  • Marvell (NASDAQ:MRVL): JMP Securities downgraded its rating on this company from Mkt Perform to Mkt Underperform and changed its price target to $12.5 on Nov 17th. The shares recently traded at $14.38, up $0.62, or 4.51% since the analyst’s rating. About the company: Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company’s products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell’s technology is applied to the broadband data communications market. Get the most recent company news and stock data here >>
  • Youku.com (NYSE:YOKU): Maxim Group downgraded its rating on this company from Hold to Sell on Nov 17th. The shares recently traded at $14.55, down $2.69, or 15.6% since the analyst’s rating. About the company: Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China. Get the most recent company news and stock data here >>
  • NetApp (NASDAQ:NTAP): Collins Stewart downgraded its rating on this company from Buy to Neutral and changed its price target from $52 to $40 on Nov 17th. The shares recently traded at $34.84, down $0.89, or 2.49% since the analyst’s rating. About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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