Tech ratings changes: TriQuint, Level 3, Veeco, Intelsat, Peregrine Semi

|By:, SA News Editor

TriQuint (TQNT +6.9%) has been upgraded to Buy by Needham after beating Q4 estimates and providing soft Q1 guidance that's most likely the result of Apple order cuts (widely expected). Shares are shooting higher after trading lower AH yesterday.

Level 3 (LVLT +4.5%) has been upgraded to Buy by Canaccord and D.A. Davidson after providing strong guidance in its Q4 report yesterday.

Veeco (VECO +4.7%) has been upgraded to Overweight by JPMorgan.

Intelsat (I +4.9%) has been upgraded to Outperform by Wells Fargo.

Peregrine Semi (PSMI -0.7%) has been upgraded to Outperform by RBC a day after selling off in the wake of a Q4 miss.

TTM Technologies (TTMI -1.8%) has been cut to Neutral by Longbow Research after providing light Q1 guidance to go with a Q4 beat.