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ANADIGICS (NASDAQ:ANAD) COO Saders John Van sold 19,811 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $0.66, for a total value of $13,075.26. Following the completion of the transaction, the chief operating officer now directly owns 380,670 shares in the company, valued at approximately $251,242. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

ANADIGICS (NASDAQ:ANAD) traded down 0.65% during mid-day trading on Wednesday, hitting $0.6462. 327,696 shares of the company’s stock traded hands. ANADIGICS has a 52-week low of $0.57 and a 52-week high of $2.20. The stock’s 50-day moving average is $0.81 and its 200-day moving average is $1.35. The company’s market cap is $55.3 million.

ANADIGICS (NASDAQ:ANAD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.09) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.09). The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $24.89 million. During the same quarter last year, the company posted ($0.14) earnings per share. ANADIGICS’s revenue was down 32.7% compared to the same quarter last year. Analysts expect that ANADIGICS will post $-0.34 EPS for the current fiscal year.

A number of analysts have recently weighed in on ANAD shares. Analysts at Zacks reiterated a “neutral” rating on shares of ANADIGICS in a research note on Thursday, August 7th. They now have a $0.75 price target on the stock. Separately, analysts at Craig Hallum downgraded shares of ANADIGICS from a “buy” rating to a “hold” rating in a research note on Thursday, August 7th. They now have a $0.75 price target on the stock, down previously from $2.00. Finally, 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. ANADIGICS currently has a consensus rating of “Hold” and an average price target of $1.40.

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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