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ON Semiconductor - Upgrades & Downgrades

TheStreet Ratings released rating changes on 12 U.S. common stocks for October 18, 2010. Only two stocks were downgraded and 10 stocks have been upgraded by our stock model.
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NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

ON Semiconductor Corp

(ONNN)

to 'Buy' from 'Hold'. Net income at this $3.1 billion market cap, semiconductor chip maker reversed course to a $78.7 million profit from a loss of $3 million in the prior second quarter.

TheStreet Ratings released rating changes on 11 additional U.S. common stocks for October 18, 2010. In total, only two stocks were downgraded and 10 stocks have been upgraded by our stock model.

Second quarter revenue at ON Semiconductor grew by 38.9% to $583 million over the prior second quarter. Learn more about ON Semiconductor Corp:

Company Profile

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Income Statement

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Balance Sheet

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Stock Ratios

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TheStreet Recommends

Analyst Ratings

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The $6.1 billion market cap,

Garmin Ltd

(GRMN) - Get Garmin Ltd. Report

was upgraded to 'Buy' from 'Hold'. Top line revenue added 8.9% to $729 million in the second quarter when compared to the prior second quarter. The company not only features global positioning products for fun outdoor activities such as geocaching but it also provides advanced avionics to retrofit a wide range of aircraft. Learn more about Garmin Ltd:

Company Profile

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Income Statement

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Balance Sheet

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Stock Ratios

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Analyst Ratings

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-- Reported by Kevin Baker in Jupiter, Fla.

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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.