Analysts at FBR Capital downgraded Applied Micro Circuits AMCC from Outperform to Market Perform.
The target price for Applied Micro Circuits has been lowered from $11.00 to $10.00.
Applied Micro Circuits shares have dropped 26.71% over the past 52 weeks, while the S&P 500 index has gained 14.65% in the same period.
Applied Micro Circuits' shares surged 0.23% to close at $8.59 yesterday.
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