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Applied Micro Circuits (AMCC) Surges: Stock Moves 11.9% Higher
June 11, 2014

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Applied Micro Circuits Corporation was a big mover last session, as the company saw its shares rise by almost 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now over 25% in the past one-month time frame.

This semiconductor company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Applied Micro Circuits Corporation currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Some stocks in the same industry looking equally good include Avago Technologies Limited (AVGO - Free Report) , Exar Corp. and PLX Technology Inc. . All these stocks carry a Zacks Rank #1 (Strong Buy).

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