Notable Upgrades: Applied Micro Circuits (AMCC), Mercury Systems (MRCY), Freescale Semi. (FSL), Apple Inc. (AAPL), Electronic Arts (EA)

Applied Micro Circuits Corporation (AMCC) lost 11c to $5.78 in morning trading today. Approximately 472K shares have already changed hands, compared to the stock’s average daily volume of 1.01M shares.

The name was upgraded to ‘Hold’ from ‘Sell’ at Craig Hallum. AMCC was also downgraded at Canaccord. Price target was cut to $8 from $11. On trading-measure, AMCC has a beta of 1.75 and a short float of 11.89%. In the past 52 weeks, shares of the computing solutions provider have traded between a low of $5.56 and a high of $11.97 with its 50-day MA and 200-day MA located at $6.24 and $7.17 levels, respectively.

AMCC currently prints a one year loss of about 46.01%, and a year-to-date loss of around 10%.

Analysts at Sterne Agee are out with a report this morning upgrading shares of Mercury Systems, Inc. (MRCY) with a ‘Buy’ from ‘Neutral’ on growth outlook. MRCY, currently valued at $525.25M, has a median Wall Street price target of $15.25 with a high target of $18.00. Approximately 215K shares have already changed hands, well ahead of the stock’s three month daily average of 129.16K.

MRCY currently prints a one year return of about 32.36%, and a year-to-date return of around 4%.

Shares of Freescale Semiconductor, Ltd. (FSL) trading sharply higher in morning trading today, after a flurry of upgrades from the buy-side. The company reported higher than expected EPS and guided Q1 revs ahead of analyst estimates.

Following the results, the name was upgraded to ‘Strong Buy’ from ‘Buy’ at Needham, with a $45 price target. Separately, Bernstein and Deutsche Bank (DB)  came out with upgrades this morning, raising the price target on the shares to $37 from $31, and to $35 from $30, respectively.

FSL currently prints a one year return of about 72.22%, and a year-to-date return of around 4.44%.

Shares of Apple Inc. (AAPL) are up $7.17 to $116.31 in mid-day trading today, following better than expected earnings and iPhone sales. Analysts at Cantor Fitzgerald issued an upgrade on the name. Cantor raised the price target for AAPL shares to $160 from $143 with a ‘Buy’ rating. Apple was also upgraded at Cowen and Barclays. Price target raised to $115 from $113 and to $150 from $140, respectively.

On valuation measures, AAPL shares are currently priced at 18.03x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 27.22x earnings multiple. Ticker has a forward P/E of 13.47 and a T-12 price-to-sales ratio of 3.50. EPS for the same period is 46.45.

In the past 52 weeks, shares of the Cupertino, California-based firm have traded between a low of $70.51 and a high of $119.75. Shares are up 41.70% year-over-year ; down 1.12% year-to-date.

Shares of Electronic Arts Inc. (EA) gained $5.50 to $53.91 in mid-day trading today, after the company reported better than expected Q3 results. The company had its price target raised to $56 from $45 at Robert W. Baird. The firm currently has an ‘Outperform’ rating on the stock.

On valuation-measures, shares of Electronic Arts have a trailing-12 and forward P/E of 43.72 and 22.66, respectively. P/E to growth ratio is 1.50, while t-12 profit margin is 9.60%. EPS registers at $1.23. The company has a market cap of $16.76B and a median Wall Street price target of $50.00 with a high target of $55.00.

On trading-measure, EA has a beta of 0.54 and a short float of 5.02%. In the past 52 weeks, shares of the Redwood City, California-based company have traded between a low of $24.66 and a high of $54.11 with its 50-day MA and 200-day MA located at $47.15 and $40.09 levels, respectively.

EA currently prints a one year return of about 98%, and a year-to-date return of around 2.96%.

Be the first to comment

Leave a Reply

Your email address will not be published.


*