Upgrades
- Inphi (IPHI) upgraded by Needham from Buy to Strong Buy
- Gilead (GILD) upgraded by Morgan Stanley from Equal Weight to Overweight
- MarkWest Energy (MWE) upgraded by Stephens from Equal Weight to Overweight
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Downgrades
- Cavium (CAVM) downgraded by Needham from Buy to Hold
- M/A-COM (MTSI) downgraded by Needham from Buy to Hold
- MaxLinear (MXL) downgraded by Needham from Buy to Hold
- TriQuint (TQNT) downgraded by Needham from Buy to Hold
- Skyworks (SWKS) downgraded by Needham from Buy to Hold
- RF Micro Devices (RFMD) downgraded by Needham from Buy to Hold
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Upgrades & Downgrades provided by Theflyonthewall.com 
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