ANADIGICS (ANAD) Set to Announce Earnings on Wednesday

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ANADIGICS (NASDAQ:ANAD) will post its Q214 quarterly earnings results on Wednesday, August 6th. Analysts expect ANADIGICS to post earnings of ($0.09) per share and revenue of $24.89 million for the quarter.

Shares of ANADIGICS (NASDAQ:ANAD) traded down 5.06% on Tuesday, hitting $0.75. The stock had a trading volume of 462,411 shares. ANADIGICS has a 52-week low of $0.79 and a 52-week high of $2.20. The stock has a 50-day moving average of $0.91 and a 200-day moving average of $1.41. The company’s market cap is $64.2 million.

A number of analysts have recently weighed in on ANAD shares. Analysts at Needham & Company LLC downgraded shares of ANADIGICS from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. They now have a $2.10 price target on the stock. On a related note, analysts at Credit Suisse reiterated a “hold” rating on shares of ANADIGICS in a research note on Wednesday, May 21st. They now have a $2.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ANADIGICS in a research note on Friday, May 9th. They now have a $1.00 price target on the stock.

ANADIGICS, Inc is a designer and manufacturer of radio frequency (NASDAQ:ANAD) semiconductor solutions for cellular wireless, wireless fidelity (WiFi), and infrastructure applications.

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