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Applied Micro Circuits (NASDAQ:AMCC) target price raised to $8.00, reported today by Susquehanna

Having a price of $6.94, Applied Micro Circuits (NASDAQ:AMCC) traded 0.00% even on the day. The last close is up 5.47% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. AMCC has been tracking to a 50-day average of $7.03 and two hundred day moving average of $6.58. Trading volume was was down over the average, with 0 shares of AMCC changing hands under the typical 450,820 shares.

Stating a possible upside of 0.15%, Susquehanna bumped the estimated target of Applied Micro Circuits (NASDAQ:AMCC) to $8

Performance Graphic:

Applied Micro Circuits (NASDAQ:AMCC)

Also covering Applied Micro Circuits’s price target, a total of 7 equity analysts have released a research note on AMCC. The 12-month target is $9.64 with three firms rating the company a strong buy, two analysts rating the company a buy, five analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokerages rating the stock as sell.

Applied Micro Circuits has a 52 week low of $4.93 and a 52 week high of $7.68 . AMCC’s market capitalization is currently $0.0.

More About Applied Micro Circuits (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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