FBR Capital Downgrades Applied Micro Circuits To Market Perform

Analysts at FBR Capital downgraded Applied Micro Circuits

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.