Just to allay further speculation, I emailed Kristina Panek in Anadigic's investor relations. She replies, "We are not in that Murata module. That is the module used in the brand new Apple iPhone 5c and 5s using the Broadcom 802.11n chipset (BCM4334).
We are in the following flagship phones which have 802.11ac capability by way of Murata modules:
1. Samsung Galaxy S4
2. LG G2
3. Sharp AQUOS PHONE ZETA SH-06E"
Over 365K shares changed hands in the last 5 minutes yesterday. No SEC filings. It might just be a fund taking a position, but the timing seems rather odd given the market perturbation we could experience over the next few days/weeks due to congressional indecision. No, I'm inclined to believe there's news out there we just haven't yet learned.
Curiouser and curiouser.
Yes, but that's old news. ANAD put out a press release on presence in the S4 mini on 26 June, so I don't think that accounts for the recent stock price spurt.
I suppose acquisition by BRCM is one of many possibilities, but give ANAD's small size--about 1/100 of BRCM's market cap--I hardly think they're big enough to be on BRCM's radar. Nevertheless, WiFi is definitely a sweet spot for ANAD right now. From the 29 June 10-Q: "Sales of WiFi products increased 685.3% during the second quarter of 2013 to $11.4 million from $1.4 million in the second quarter of 2012. For the six months ended June 29, 2013, net sales of WiFi products increased 491.2% to $16.1 million from $2.7 million for the six months ended June 30, 2012. The increase in sales was primarily due to increased market demand for our front-end modules in cellular handset applications."
Anadigics announced this morning that the AWL9581 802.11ac front-end integrated circuit, AWT6651 ProEficien power amplifier, and ALT6702 HELP4 power amplifier are enabling wireless connectivity in the new Samsung Galaxy Note 3.
Net Sales of $37.0 Million, a Sequential Increase of 7.1%
GAAP EPS ($0.13); Non-GAAP EPS ($0.11)
Net sales included $23.0 million for cellular products, a sequential increase of 27.8%.
As of September 28, 2013, cash, cash equivalents and short and long-term marketable securities totaled $32 million.
"For the fourth quarter, we are seeing an uptick in infrastructure and WiFi orders offset by market softness in cellular. Overall, we expect revenues in the fourth quarter to be flat to down five percent sequentially, while the revised mix supports an improvement in gross margin."
It's not about what you make, it's about what you keep. They beat estimates and next quarter will likely see, as aecooter33 says, around -.08. What's not to like? They're right on track AND correctly putting their efforts into higher margin activity.
I'll be lurking in the wings ready to pick up any cheap shares. Presently 205K and holding.
Sorry, no lessons here. At 1.90 I'm down a little over 6% on ANAD. I do my DD same as you, though I do take advantage of Next Inning both for analyses and to bounce some ideas off Paul. (Well worth the price IMO.) As for ANAD, it's not a stock for the feint of heart.
Great article on the S eeking A lpha website. Really explains the conf call and strategy in layman's terms
It's all relative. One man's 200K shares is another man's 200 shares. What I will grant you is that I've paid a tremendous opportunity cost given the S&P 500's dramatic rise this year.
As for the company being a loser, check back this time next year.
"...In 2012 the total production shipments of CMOS-based RFPAs into basic handsets well-exceeded 3B units but this is forecasted to fall by almost two-thirds to just over 1B units in 2017. Contrastingly, shipments into smartphones will start with approximately 2M units being sold in 2012 but will increase dramatically to reach 432M in 2017.
Currently all GaAs and InGaP-based RFPAs go into smartphones and it is anticipated the situation will continue. Major players include: Anadigics, Avago Semiconductor, Skyworks and TriQuint...."
Who of all these players might anticipate the greatest growth?
Alas, we can only speculate at this point. I'd be looking for Apple to crack into NFC before too much longer, as well as improved biometrics.