Insider Selling: Saders John Van Sells 19,811 Shares of ANADIGICS Stock (ANAD)
ANADIGICS (NASDAQ:ANAD) COO Saders John Van unloaded 19,811 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $0.66, for a total transaction of $13,075.26. Following the completion of the sale, the chief operating officer now directly owns 380,670 shares in the company, valued at approximately $251,242. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ANAD. 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $1.40.
Shares of ANADIGICS (NASDAQ:ANAD) opened at 0.6351 on Friday. 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 $0.80 and its 200-day moving average is $1.35. The company’s market cap is $54.4 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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