University Of Notre Dame Du Lac buys $2,298,408 stake in Applied Micro Circuits Corporation (AMCC)

Applied Micro Circuits Corporation (AMCC) : University Of Notre Dame Du Lac scooped up 73,935 additional shares in Applied Micro Circuits Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 320,559 shares of Applied Micro Circuits Corporation which is valued at $2,298,408.Applied Micro Circuits Corporation makes up approximately 2.02% of University Of Notre Dame Du Lac’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in AMCC in the latest quarter, The investment management firm added 438,700 additional shares and now holds a total of 913,436 shares of Applied Micro Circuits Corporation which is valued at $6,549,336. Applied Micro Circuits Corporation makes up approx 0.01% of Renaissance Technologies’s portfolio.Alliancebernstein boosted its stake in AMCC in the latest quarter, The investment management firm added 38,900 additional shares and now holds a total of 129,034 shares of Applied Micro Circuits Corporation which is valued at $925,174. Trexquant Investment Lp added AMCC to its portfolio by purchasing 76,586 company shares during the most recent quarter which is valued at $549,122. Applied Micro Circuits Corporation makes up approx 0.07% of Trexquant Investment Lp’s portfolio.California Public Employees Retirement System reduced its stake in AMCC by selling 6,700 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 243,100 shares of AMCC which is valued at $1,636,063.

Applied Micro Circuits Corporation closed down -0.04 points or -0.57% at $7.01 with 3,07,846 shares getting traded on Monday. Post opening the session at $7.05, the shares hit an intraday low of $7 and an intraday high of $7.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Applied Micro Circuits Corporation reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $41.50 million for the quarter, compared to analysts expectations of $41.51 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Applied Micro Circuits Corporation (AMCC) provides silicon solutions for cloud infrastructure and data centers as well as connectivity products for edge metro and long haul communications equipment. The Company’s products are used in a variety of communications and other networking applications such as the infrastructure for data centers wide area networks carrier access networks and enterprise networks. Its products include the X-Gene ARM 64 bit Server on a Chip solution (X-Gene) along with the X-Weave family of connectivity products for cloud/hyperscale and enterprise applications. The Company also offers X-Weave family of connectivity products. Data center and enterprise networks continue to deploy computing and storage assets. The Company’s data center connectivity technology portfolio consisting of optical backplane and short reach copper solutions provides high-speed connectivity with increased port density.

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