New Tech Stock Price Ratings Issued By Analysts

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Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Technology sector for the week ending October 28th, 2011

  • Veeco Instruments (NASDAQ:VECO): Ticonderoga reiterated its rating of Buy for this company and changed its price target from $52.5 to $36. About the company: Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments.
  • Veeco Instruments (NASDAQ:VECO): UBS reiterated its rating of Buy for this company and changed its price target from $39 to $36. Canaccord Genuity reiterated its rating of Sell for this company and changed its price target from $18 to $14. About the company: Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments.
  • Texas Instruments (NYSE:TXN): UBS reiterated its rating of Buy for this company and changed its price target from $32 to $35. About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.
  • Sequans Communications (NYSE:SQNS): UBS reiterated its rating of Buy for this company and changed its price target from $11 to $9. About the company: Sequans Communications SA is a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. The Company’s solutions incorporate baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with its proprietary signal processing techniques, algorithms and software stacks.
  • Volterra Semi (NASDAQ:VLTR): Collins Stewart reiterated its rating of Buy for this company and changed its price target from $33 to $29. Needham reiterated its rating of Strong Buy for this company and changed its price target from $32 to $29. 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.
  • Broadcom (NASDAQ:BRCM): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $50 to $43. FBR Capital reiterated its rating of Outperform for this company and changed its price target from $50 to $45. Needham reiterated its rating of Buy for this company and changed its price target from $43 to $40. About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • F5 Networks (NASDAQ:FFIV): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $92 to $100. Wunderlich reiterated its rating of Buy for this company and changed its price target from $87 to $83. About the company: F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company’s software-based solutions manage, control and optimize Internet traffic and content. F5′s solutions automatically deliver Internet content for service providers and e-businesses.
  • First Solar (NASDAQ:FSLR): Wunderlich reiterated its rating of Hold for this company and changed its price target from $65 to $50. Collins Stewart reiterated its rating of Buy for this company and changed its price target from $110 to $60. 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.
  • Vocus (NASDAQ:VOCS): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $28 to $21. About the company: Vocus, Inc. provides web-based software for public relations automation.
  • Brocade (NASDAQ:BRCD): UBS reiterated its rating of Neutral for this company and changed its price target from $3.75 to $4.35. About the company: Brocade Communications Systems, Inc. provides switching solutions for storage area networks (NYSE:SAN). The Company’s switching solutions utilize the fiber channel interconnect protocol. Brocade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.

(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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