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

ANAD has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $1.40.

Shares of ANADIGICS (NASDAQ:ANAD) traded up 0.62% during mid-day trading on Thursday, hitting $0.6502. 191,296 shares of the company’s stock traded hands. ANADIGICS has a one year low of $0.57 and a one year 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 $55.6 million.

ANADIGICS (NASDAQ:ANAD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 32.7% on a year-over-year basis. On average, analysts predict that ANADIGICS will post $-0.34 earnings per share 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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