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Applied Micro Circuits Corporation (NASDAQ:AMCC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has upgraded Applied Micro Circuits Corporation(NASDAQ:AMCC) to Hold in a report released on 9/20/2016.

Showing a price of $6.92, Applied Micro Circuits Corporation (NASDAQ:AMCC) traded 0.00% even on the day. With the last stock price close up 5.47% from the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the date range. AMCC has logged a 50-day moving average of $7.03 and two hundred day moving average of $6.58. 0 shares of the stock exchanged hands, down from ann avg. volume of 450,820

Recent Performance Graph:

Applied Micro Circuits Corporation (NASDAQ:AMCC)

Applied Micro Circuits Corporation has a one-year low of $4.93 and a one-year high of $7.68 and has a market cap of $0.0.

In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokers have issued a research note on Applied Micro Circuits Corporation. The consensus target stock price is $9.64 with three analysts rating the company a strong buy, two analysts rating the company a buy, five analyts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.

General Information About Applied Micro Circuits Corporation (NASDAQ:AMCC)

Applied Micro Circuits Corporation (AMCC) provides silicon solutions for cloud infrastructure and data centers, as well as connectivity products for edge, metro and long haul communications equipment. The Company’s products serve Computing and Connectivity markets. Its Computing products include the X-Gene family of server processors, based on the ARMv8 64-bit Instruction Set Architecture (ISA), which target mainstream cloud and data center infrastructure, including hyperscale, telco, enterprise and high performance computing. It also offers embedded computing products, which include HeliX family of processors, based on the ARM 64-bit ISA and its PowerPC products, based on Power Architecture. Its embedded Computing products are deployed in various applications, including networking and telecom, enterprise storage and industrial applications. The Connectivity business includes X-Weave family of products for service providers and public cloud, and private cloud and enterprise data centers.

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