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Raymond James downgraded Applied Micro (NASDAQ:AMCC) from Outperform to Mkt Perform in a report released today.

Just yesterday Applied Micro (NASDAQ:AMCC) traded 0.59% higher at $8.10. Applied Micro’s 50-day moving average is $6.96 and its 200-day moving average is $6.81. The last stock price is up 24.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 714,438 shares of AMCC traded hands, up from an average trading volume of 674,053

Raymond James has downgraded Applied Micro (NASDAQ:AMCC) from Outperform to Mkt Perform in a report released on 11/22/2016.

Performance Chart

Applied Micro (NASDAQ:AMCC)

With a total market value of $0, Applied Micro has with a one year low of $4.93 and a one year high of $8.55 .

A total of 7 equity analysts have released a research note on AMCC. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.64.

More About Applied Micro (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, private cloud and enterprise data centers.

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