ANADIGICS PT Lowered to $1.60 (ANAD)
Credit Suisse reduced their target price on shares of ANADIGICS (NASDAQ:ANAD) from $2.00 to $1.60 in a research note issued on Thursday. Credit Suisse’s price target points to a potential upside of 39.13% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ANADIGICS in a research note on Friday, February 28th. They now have a $2.00 price target on the stock. Separately, analysts at Charter Equity downgraded shares of ANADIGICS from a “market perform” rating to an “underperform” rating in a research note on Friday, February 21st. Finally, analysts at Needham & Company LLC raised their price target on shares of ANADIGICS to $3.25 in a research note on Friday, February 21st.
ANADIGICS (NASDAQ:ANAD) traded up 1.77% during mid-day trading on Thursday, hitting $1.15. The stock had a trading volume of 530,577 shares. ANADIGICS has a 1-year low of $0.90 and a 1-year high of $2.45. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.74. The company’s market cap is $98.4 million.
ANADIGICS (NASDAQ:ANAD) last released its earnings data on Wednesday, April 30th. The company reported ($0.11) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.11). The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $23.50 million. Analysts expect that ANADIGICS will post $-0.31 EPS for the current fiscal year.
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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