Tech Stock Upgrades to Watch in December

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Technology sector for the week ending December 16th, 2011.

Rubicon Tech (NASDAQ:RBCN): Ticonderoga upgraded its rating on this company from Sell to Neutral on Dec 13th. The shares recently traded at $8.91, down $1.28, or 12.56% since the analyst’s rating. About the company: Rubicon Technology, Inc. develops, manufactures, and sells monocrystalline sapphire and other crystalline products. The Company’s products are used in Light-Emitting Diodes (“LEDs”), radio frequency integrated circuits (“RFICs”), blue laser diodes, and optoelectronics and other optical applications. Get the most recent company news and stock data here >>

Acme Packet (NASDAQ:APKT): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform and changed its price target to $45 on Dec 14th. The shares recently traded at $29.76, down $2.63, or 8.12% since the analyst’s rating. About the company: Acme Packet, Inc. provides session border controllers for Internet service providers. The Company’s products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol. Get the most recent company news and stock data here >>

Lam Research (NASDAQ:LRCX): Needham upgraded its rating on this company from Hold to Buy and changed its price target to $46 on Dec 15th. The shares recently traded at $34.86, down $1.31, or 3.62% since the analyst’s rating. About the company: Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company’s products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world. Get the most recent company news and stock data here >>

MetroPCS (NYSE:PCS): Mizuho upgraded its rating on this company from Neutral to Buy and changed its price target from $8.5 to $10.5 on Dec 15th. The shares recently traded at $7.95, down $0.49, or 5.81% since the analyst’s rating. About the company: MetroPCS Communications, Inc. is a wireless communications provider in the United States. The Company offers unlimited wireless voice and data services to the mass market. Get the most recent company news and stock data here >>

Leap Wireless (NASDAQ:LEAP): Mizuho upgraded its rating on this company from Neutral to Buy and changed its price target from $8 to $9.5 on Dec 15th. The shares recently traded at $7.75, down $0.4, or 4.91% since the analyst’s rating. About the company: Leap Wireless International, Inc. provides mobile wireless services. The Company’s services are targeted to meet the needs of customers who are under-served by traditional communications companies. Leap’s Cricket service is available to customers in various states from New York to California. Get the most recent company news and stock data here >>

Linear Tech (NASDAQ:LLTC): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target to $36 on Dec 16th. The shares recently traded at $28.43, down $0.54, or 1.86% since the analyst’s rating. About the company: Linear Technology Corporation designs, manufactures, and markets a line of linear integrated circuits. The Company’s products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, and RF signal conditioning circuits. 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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