Technology Sector Stock Downgrades for the Week Ending Nov 11th

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending November 11th, 2011.

  • Trina Solar (NYSE:TSL): Maxim Group downgraded its rating on this company from Buy to Sell and changed its price target from $22 to $5. Brigantine downgraded its rating on this company from Buy to Hold on Nov 7th. The shares recently traded at $7.01, down $0.82, or 10.47% since the analyst’s rating. About the company: Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots, cells and modules. The Company’s solar modules provide environmentally-friendly electric power for residential, commercial, industrial, and other applications worldwide. Get the most recent company news and stock data here >>
  • Wireless Ronin (NASDAQ:RNIN): Northland Securities downgraded its rating on this company from Outperform to Market Perform on Nov 7th. The shares recently traded at $1.17, down $0.07, or 5.65% since the analyst’s rating. About the company: Wireless Ronin Technologies, Inc. provides dynamic digital signage solutions targeting specific retail and service markets. The Company offers a suite of software applications that manages, schedules and delivers digital content over wireless or wired networks. Get the most recent company news and stock data here >>
  • Amphenol (NYSE:APH): Ticonderoga downgraded its rating on this company from Neutral to Sell and changed its price target to $38 on Nov 7th. The shares recently traded at $46.63, down $1.26, or 2.63% since the analyst’s rating. About the company: Amphenol Corporation designs, manufactures, and markets electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cable. The Company’s products are used in a variety of industries, including telephone, wireless, and data communications systems, cable television systems, and commercial and military aerospace electronics. Get the most recent company news and stock data here >>
  • Red Hat (NYSE:RHT): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $50 to $54 on Nov 8th. The shares recently traded at $50.20, down $0.33, or 0.65% since the analyst’s rating. About the company: Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system. The Company’s Web site offers information and news about open source software and provides an online community of open source software users and developers. Get the most recent company news and stock data here >>
  • Progress Software (NASDAQ:PRGS): Longbow downgraded its rating on this company from Buy to Neutral on Nov 8th. The shares recently traded at $21.04, down $0.44, or 2.05% since the analyst’s rating. About the company: Progress Software Corporation develops, markets, and distributes application development, deployment, and integration software to business, industry, and government worldwide. The Company’s products include databases, application servers, messaging servers, and development tools for Internet/Web, extranet, and intranet applications as well as for client/server and host applications. Get the most recent company news and stock data here >>
  • Exar (NASDAQ:EXAR): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $7.5 to $6.5 on Nov 8th. The shares recently traded at $5.66, down $0.01, or 0.18% since the analyst’s rating. About the company: Exar Corporation designs, develops, and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. The Company also produces digital integrated circuits in communications products, as well as general purpose analog integrated circuits. Get the most recent company news and stock data here >>
  • OmniVision (NASDAQ:OVTI): Oppenheimer downgraded its rating on this company from Outperform to Perform on Nov 8th. The shares recently traded at $13.14, down $1.3, or 9% 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 >>
  • Rubicon Tech (NASDAQ:RBCN): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $12 to $11. Avian downgraded its rating on this company from Positive to Neutral on Nov 9th. The shares recently traded at $11.19, up $0.19, or 1.73% 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 >>
  • NVIDIA (NASDAQ:NVDA): JMP Securities downgraded its rating on this company from Mkt Outperform to Mkt Perform and changed its price target from $20 to $18 on Nov 9th. The shares recently traded at $14.69, up $0.37, or 2.58% since the analyst’s rating. About the company: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market. Get the most recent company news and stock data here >>
  • Alaska Comms (NASDAQ:ALSK): RBC Capital Mkts downgraded its rating on this company from Sector Perform to Underperform and changed its price target from $8 to $4 on Nov 9th. The shares recently traded at $5.13, down $0.17, or 3.21% since the analyst’s rating. About the company: Alaska Communications Systems Group Inc. is a full-service telecommunications provider in Alaska. The Company offers local telephone, wireless, long distance, and Internet services to businesses and residential customers through-out the state. Alaska Communications’ network infrastructure consists of fiber optic cable and numerous switching facilities. 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.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet