NEW YORK ( TheStreet) -TheStreet Ratings' stock model downgraded Seagate Technology ( STX) to 'Hold' from 'Buy'. Shares of this hard disk drive maker have fallen nearly 25% three months. TheStreet Ratings released rating changes on 13 additional U.S. common stocks for July 20, 2010. In all, eight stocks were downgraded and six stocks have been upgraded by our stock model. Seagate Technology reported fiscal fourth quarter earnings of 70 cents per share on top line revenue of $2.7 billion. In the face of a largely solid financial position, the shares sold off on the earnings news as this fell short of inflated analyst expectations. TheStreet Ratings stock model upgraded Linear Technologies ( LLTC) to 'Buy' from 'Hold' today on a doubling in reported fiscal fourth quarter profit to $124.5 million on the second consecutive quarter of record revenue. Likewise, stockholders' equity has increased by 115% from the same quarter last year. Linear Technologies CEO Lothar Maier credited sustained recovery from the global recession for the company's rapid recovery.
-- Reported by Kevin Baker in Jupiter, Fla. For additional Investment Research check out our Ratings Research Center.