Wall Street Analysts Lower Stock Ratings on These Technology Companies

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

ADTRAN (NASDAQ:ADTN): Mizuho downgraded its rating on this company from Buy to Neutral and changed its price target from $38 to $35 on Dec 13th. The shares recently traded at $27.84, down $0.75, or 2.62% since the analyst’s rating. About the company: ADTRAN, Inc. designs, develops, manufactures, markets, and services a variety of high-speed digital transmission products. The Company’s products are used by telephone companies and corporate end-users to implement advanced digital data services over existing telephone networks. ADTRAN also offers a line of multiplexers which provides modular flexibility. Get the most recent company news and stock data here >>

Volterra Semi (NASDAQ:VLTR): Needham downgraded its rating on this company from Strong Buy to Buy and changed its price target from $29 to $28 on Dec 14th. The shares recently traded at $23.84, up $0.35, or 1.49% since the analyst’s rating. About the company: Volterra Semiconductor Corp. designs, develops, and markets proprietary, high performance analog and mixed-signal power management semiconductors for the computing, storage, networking and consumer markets. The Company’s core products are integrated-voltage regulator semiconductors and scalable voltage semiconductor chipsets. Get the most recent company news and stock data here >>

Novellus (NASDAQ:NVLS): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $38 to $44 on Dec 15th. The shares recently traded at $38.88, down $1.49, or 3.69% since the analyst’s rating. About the company: Novellus Systems, Inc. manufactures, markets, and services equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Company also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a broad spectrum of industrial applications. Get the most recent company news and stock data here >>

Magma Design (NASDAQ:LAVA): Needham downgraded its rating on this company from Buy to Underperform on Dec 15th. The shares recently traded at $7.12, down $0.05, or 0.7% since the analyst’s rating. About the company: Magma Design Automation, Inc. designs software. The Company’s software enables chip designers to accelerate time-to-market for complex integrated circuits used in the communications, computing, consumer electronics, networking, and semiconductor industries. Get the most recent company news and stock data here >>

First Solar (NASDAQ:FSLR): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $80 to $35 on Dec 15th. The shares recently traded at $30.50, down $0.95, or 3.02% since the analyst’s rating. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules. Get the most recent company news and stock data here >>

Research In Motion (NASDAQ:RIMM): Brigantine downgraded its rating on this company from Buy to Hold on Dec 16th. The shares recently traded at $12.89, down $0.55, or 4.09% since the analyst’s rating. About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications. 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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