Stephens Initiates Coverage on ANADIGICS (ANAD)

By admin | 6 years ago

Equities researchers at Stephens assumed coverage on shares of ANADIGICS (NASDAQ: ANAD) in a report issued on Thursday. The firm set an “equal weight” rating on the stock.

ANADIGICS traded up 1.02% on Thursday, hitting $1.99. ANADIGICS has a 52-week low of $1.87 and a 52-week high of $4.07. The company’s market cap is $140.2 million.

ANADIGICS last posted its quarterly earnings results on Tuesday, May 1st. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.18) by $0.03. ANADIGICS’s revenue was down 34.7% compared to the same quarter last year. Analysts expect that ANADIGICS will post $-0.17 EPS next quarter.

A number of other firms have also recently commented on ANAD. Analysts at Needham & Company reiterated a “buy” rating on shares of ANADIGICS in a research note to investors on Thursday, May 3rd. Separately, analysts at Craig Hallum downgraded shares of ANADIGICS from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, May 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ANADIGICS in a research note to investors on Wednesday, April 25th. They now have a $2.25 price target on the stock.

ANADIGICS, Inc. is a provider of semiconductor solutions in the broadband wireless and wireline communications markets.

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