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AMCC

Applied Micro Circuits

$8.10

0.85 (11.72%)

07:17
11/22/16
11/22
07:17
11/22/16
07:17

Applied Micro Circuits downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Applied Micro Circuits (AMCC) following the announcement it would be acquired by MACOM (MTSI) for $8.36 per share in cash and stock.

AMCC Applied Micro Circuits
$8.10

0.85 (11.72%)

08/31/16
ROTH
08/31/16
INITIATION
Target $8
ROTH
Buy
Applied Micro Circuits assumed with a Buy at Roth Capital
Roth Capital analyst Suji Desilva assumed coverage of Applied Micro Circuits with a Buy rating and $8 price target.
09/20/16
SUSQ
09/20/16
INITIATION
Target $8
SUSQ
Neutral
Applied Micro Circuits initiated with a Neutral at Susquehanna
Susquehanna analyst Christopher Rolland initiated Applied Micro Circuits with a Neutral and a $8 price target.
11/21/16
ROTH
11/21/16
DOWNGRADE
Target $8
ROTH
Neutral
Applied Micro Circuits downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Suji Desilva downgraded Applied Micro Circuits (AMCC) to Neutral from Buy, with an $8 price target, on the announcement of its planned stock plus cash acquisition by MACOM Technologies (MTSI). The analyst expects the acquisition to face limited anti-trust or regulatory issues given the lack of direct product market overlap, and believes MACOM will focus on the connectivity business and divest the Applied Micro Circuits compute business within approximately three months' timeframe.
11/22/16
ADAM
11/22/16
DOWNGRADE
Target $8
ADAM
Hold
Applied Micro Circuits downgraded to Hold from Buy at Canaccord
Canaccord analyst Matthew Ramsay downgraded Applied Micro Circuits (AMCC) to Hold from Buy following the announcement it would be acquired by MACOM (MTSI) for $8.36 per share in cash and stock.

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