Share on StockTwits

Equities researchers at Roth Capital boosted their price objective on shares of Applied Micro Circuits (NASDAQ:AMCC) from $12.00 to $14.00 in a research report issued on Thursday. Roth Capital’s price objective points to a potential upside of 65.68% from the stock’s previous close.

Applied Micro Circuits (NASDAQ:AMCC) traded up 1.32% during mid-day trading on Thursday, hitting $8.45. The stock had a trading volume of 1,536,707 shares. Applied Micro Circuits has a 1-year low of $8.11 and a 1-year high of $15.09. The stock’s 50-day moving average is $10.40 and its 200-day moving average is $10.1. The company’s market cap is $658.4 million.

A number of other analysts have also recently weighed in on AMCC. Analysts at BMO Capital Markets cut their price target on shares of Applied Micro Circuits from $12.00 to $8.00 in a research note on Thursday. Separately, analysts at Topeka Capital Markets reiterated a “hold” rating on shares of Applied Micro Circuits in a research note on Wednesday. They now have a $9.00 price target on the stock, down previously from $10.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Applied Micro Circuits from $16.00 to $12.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.60.

Applied Micro Circuits Corporation (NASDAQ:AMCC) is a global computing and connectivity solutions for data centers and service providers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.