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Applied Micro Circuits Corporation
Type
Public: (NASDAQ: AMCC)
Industry Semiconductors & Related Devices
Founded 1979
Headquarters Santa Clara, California, USA
Key people
Paramesh Gopi, CEO
Revenue IncreaseUS$206M (FY 2010)
Operating income
DecreaseUS$-26.1M (FY 2010)
Net income
DecreaseUS$-7.49M (FY 2010)
Total assets DecreaseUS$316M (FY 2010)
Total equity DecreaseUS$281M (FY 2010)
Number of employees
~600
Website apm.com

Applied Micro Circuits Corporation (also known as AppliedMicro or AMCC or APM) is a fabless semiconductor company designing network and embedded Power Architecture (including a Power Architecture license), and server processor ARM (including an ARMv8-A license), optical transport and storage products.

In 2004, AMCC bought assets, IP and engineers concerning the PowerPC 400 microprocessors from IBM for $227 million and they now market the processors under their own name. The deal also included access to IBM's SoC design methodology and advanced CMOS process technology.

In 2009, AppliedMicro changed their branding from AMCC to AppliedMicro, but still retain the name "Applied Micro Circuits Corporation" officially.

In 2011, AppliedMicro became the first company to implement the ARMv8-A architecture with its X-Gene Platform. In November 2012 at ARM TechCon, AppliedMicro demonstrated advanced web search capabilities and the ability to handle big data workloads in an Apache Hadoop software environment with the X-Gene Platform using FPGA emulation. A silicon implementation of X-Gene was first exhibited publicly in June 2013.

In April 2016, information about the forthcoming X-Gene 3 server chips was made available. The release schedule is for the second half of 2017. The company projected an improved performance, over the X-Gene 2, that with allow it to better compete with servers using the x86-64 architecture.

In November 2016, Macom announced that they would purchase AppliedMicro.

AppliedMicro has a sponsor level membership of Power.org and is one of the original members. AppliedMicro is also executive member (Chairman position) of the Ethernet Alliance. AppliedMicro is also a member of the Open Compute Project.

The Processor Products group designs and markets embedded microcontrollers as well as server processor, packet and storage processors. It includes the network processors of former MMC Networks (acquired October 2000) with IBM PowerPC 4xx series microcontrollers (acquired April 2004).

Since purchasing the IBM PowerPC 400 family (under the 405 and 440 series product names), AppliedMicro has developed the 460 series with 440 CPU, and a multicore Power architecture devices.

In January 2008, the AppliedMicro PowerPC 405EX was awarded PRODUCT OF THE YEAR 2007, by Electronic Product Magazine.

In October 2011, AppliedMicro announced its X-Gene Platform, an ARM 64-bit solution aimed at cloud and enterprise servers.

The Connectivity Products group of AppliedMicro designs, manufacturers and markets physical layer devices, framers/mappers and switch fabric devices.

Throughout the years, AppliedMicro has acquired smaller companies to enter new markets.

In 2005, the company paid $60 million to settle a class-action lawsuit on behalf of investors against the company and certain of its current and former officers and directors. The suit had charged the company with issuing a series of materially false and misleading statements concerning the company's operations and prospects for Q4 2001 and beyond. Under the terms of the settlement, the company and defendants denied any wrongdoing. About half of the amount of the settlement was covered by insurance.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2016 2017-04-26 Future report Set alerts
Q3 2016 2017-01-26 0.00 0.00
Q2 2016 2016-10-27 0.02 -0.05
Q1 2016 2016-07-27 -0.03 -0.12
Q4 2015 2016-04-28 -0.02 -0.11
Q3 2015 2016-01-28 -0.03 -0.10
Q2 2015 2015-11-02 -0.03 -0.10
Q1 2015 2015-07-30 -0.04 -0.09
Q4 2014 2015-04-28 -0.07 -0.19
Q3 2014 2015-01-27 -0.09 -0.15

Ratings

2016-06-15 Reiterated Rating Oppenheimer Hold
2016-06-15 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-04-30 Reiterated Rating Drexel Hamilton Buy
2016-04-29 Boost Price Target Topeka Capital Markets Hold $6.00 to $6.50
2016-04-29 Reiterated Rating Oppenheimer Hold
2016-04-18 Reiterated Rating Canaccord Genuity Buy
2016-01-31 Reiterated Rating FBR & Co. Market Perform $7.00
2016-01-31 Reiterated Rating Canaccord Genuity Buy $10.00
2016-01-31 Reiterated Rating Oppenheimer Market Perform
2016-01-31 Reiterated Rating FBR & Co Market Perform $7.00
2016-01-29 Lower Price Target Topeka Capital Markets Hold $7.00 to $6.00
2015-11-19 Reiterated Rating Canaccord Genuity Buy
2015-11-17 Initiated Coverage Drexel Hamilton Buy $11.00
2015-11-03 Reiterated Rating Canaccord Genuity Buy $10.00
2015-11-03 Boost Price Target Topeka Capital Markets Hold $6.00 to $7.00
2015-10-30 Reiterated Rating Roth Capital Buy
2015-08-13 Reiterated Rating Canaccord Genuity Buy $10.00
2015-08-03 Reiterated Rating Roth Capital Buy
2015-07-31 Reiterated Rating Canaccord Genuity Buy $10.00
2015-07-31 Reiterated Rating FBR & Co. Market Perform $7.00
2015-06-10 Reiterated Rating Oppenheimer Market Perform
2015-06-06 Reiterated Rating FBR & Co. Market Perform $6.50 to $7.00
2015-05-27 Set Price Target Roth Capital Buy $9.00
2015-04-29 Boost Price Target Canaccord Genuity Buy $8.00 to $10.00
2015-04-29 Set Price Target FBR & Co. Hold $6.50
2015-04-29 Lower Price Target Topeka Capital Markets Hold $6.50 to $6.00
2015-01-28 Reiterated Rating Oppenheimer Hold
2015-01-28 Set Price Target Canaccord Genuity Buy $8.00
2015-01-28 Upgrade Craig Hallum Sell to Hold
2015-01-28 Lower Price Target FBR & Co. Market Perform $8.00 to $7.00
2015-01-28 Lower Price Target Roth Capital Buy $13.00 to $10.00
2014-10-29 Reiterated Rating FBR & Co. Market Perform $9.00 to $8.00
2014-10-29 Reiterated Rating Canaccord Genuity Buy $12.00 to $11.00
2014-10-29 Downgrade Craig Hallum Hold to Sell
2014-08-12 Downgrade FBR & Co. Outperform to Market Perform $11.00 to $10.00
2014-07-31 Boost Price Target Roth Capital $12.00 to $14.00
2014-07-31 Lower Price Target BMO Capital Markets $12.00 to $8.00
2014-07-30 Reiterated Rating Topeka Capital Markets Hold $10.00 to $9.00
2014-07-30 Lower Price Target Canaccord Genuity Buy $16.00 to $12.00
2014-06-10 Initiated Coverage Canaccord Genuity Buy $16.00
2014-04-28 Reiterated Rating FBR & Co. Outperform $14.00
2014-04-02 Initiated Coverage Evercore ISI Overweight $15.00
2014-03-11 Initiated Coverage Ascendiant Capital Markets Buy $14.00
2014-03-07 Initiated Coverage Roth Capital Buy $16.00
2014-02-03 Reiterated FBR Capital Outperform $16 to $14
2014-02-03 Lower Price Target FBR & Co. Outperform $16.00 to $14.00
2014-01-24 Lower Price Target BMO Capital Markets $14.00 to $12.00
2014-01-10 Downgrade Sterne Agee CRT Buy to Neutral $16.00 to $14.00
2014-01-03 Downgrade BMO Capital Markets Outperform to Market Perform $18.00 to $14.00
2013-10-25 Boost Price Target Topeka Capital Markets Hold $10.00 to $12.00
2013-10-18 Boost Price Target Evercore ISI Overweight $13.00 to $20.00
2013-10-15 Reiterated FBR Capital Outperform $13 to $16
2013-10-15 Boost Price Target FBR & Co. Outperform $13.00 to $16.00
2013-10-10 Boost Price Target BMO Capital Markets Outperform $12.00 to $18.00
2013-10-03 Boost Price Target Raymond James Strong-Buy $13.00 to $15.00
2012-02-01 Downgrade Oppenheimer Outperform to Perform $10
2011-07-19 Initiated Sterne Agee Buy $12
2016-06-15 Reiterated Rating Oppenheimer Hold
2016-06-15 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-04-30 Reiterated Rating Drexel Hamilton Buy
2016-04-29 Boost Price Target Topeka Capital Markets Hold $6.00 to $6.50
2016-04-29 Reiterated Rating Oppenheimer Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GARGUS ROBERT Sr VP & CFO 0.23%  (181100) AMCC /
STABENOW ARTHUR B 0.17%  (135981) AMCC /
Ahrens Douglas T Vice President and CFO 0.17%  (130560) AMCC /
Natarajan Shiva Kumar VP Corporate Controller 0.13%  (103820) AMCC / ATEN /
Wadlington Mark VP WW Sales 0.08%  (61190) AMCC / SYNA / XLNX /
DESAI HK 0.04%  (32250) AMCC / MXL / NLST / QLGC /
BERARDI HECTOR VP Operations 0.02%  (12375) AMCC /
ROGGE KAREN M Interim CFO 0.01%  (4626) AMCC /

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