Analysts’ Top Technology Picks: AMCC, CSIQ

By Carrie Williams

Analysts fell to the sidelines weighing in on Applied Micro Circ. (NASDAQ: AMCC) and Canadian Solar Inc (NASDAQ: CSIQ) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Applied Micro Circ. (NASDAQ: AMCC)

In a report released today, Matt Ramsay from Canaccord Genuity downgraded Applied Micro Circ. (NASDAQ: AMCC) to Hold. The company’s shares closed yesterday at $8.10, close to its 52-week high of $8.25.

According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 15.9% and a 63.8% success rate. Ramsay covers the Technology sector, focusing on stocks such as Everspin Technologies Inc, Advanced Micro Devices, and Silicon Laboratories.

Currently, the analyst consensus on Applied Micro Circ. is Hold and the average price target is $8, representing a -1.2% downside.

In a report released yesterday, Roth Capital also downgraded the stock to Hold with a $8 price target.
Canadian Solar Inc (NASDAQ: CSIQ)

In a report released today, Philip Shen from Roth Capital downgraded Canadian Solar Inc (NASDAQ: CSIQ) to Hold. The company’s shares closed yesterday at $10.68, close to its 52-week low of $10.25.

According to TipRanks.com, Shen is ranked 0 out of 5 stars with an average return of -18.8% and a 22.3% success rate. Shen covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Maxwell Technologies, and Orion Energy Systems.

Canadian Solar Inc has an analyst consensus of Moderate Buy, with a price target consensus of $31.