Seeking Alpha

A roundup of tech ratings changes

  • Intel (INTC +1.1%) has been upgraded to Neutral by Nomura. Citi and Drexel Hamilton upgraded shares last Friday.
  • Micron (MU +2%) has been upgraded to Buy by Nomura. Shares fell yesterday following an MKM report stating SK Hynix's Wuxi, China fab will be operational sooner than expected.
  • Xilinx (XLNX +1.7%) has been upgraded to Buy by Nomura. In addition, both Xilinx and rival Altera (ALTR +0.6%) have been started at Outperform by JMP.
  • iRobot (IRBT +2.2%) has been upgraded to Neutral by JPMorgan.
  • Synchronoss (SNCR +6.8%) has been upgraded to Strong Buy by Raymond James.
  • Teradata (TDC -2%) has been cut to Sector Perform by RBC. Shares are making new 52-week lows.
  • Texas Instruments (TXN -0.7%) and SanDisk (SNDK -2.3%) have been cut to Reduce by Nomura. TI provided an in-line mid-quarter update on Monday, while SanDisk fell in tandem with Micron yesterday.
  • Sigma Designs (SIGM -17.8%) has been cut to Hold by Needham after missing FQ3 estimates.
  • Progress Software (PRGS -7.5%) has been cut to Market Perform by JMP.
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