U.S. Markets open in 2 hrs 47 mins

Anadigics Introduces ProVantage PAs

Zacks Equity Research

Anadigics, Inc. (ANAD) recently introduced the new ProVantage power amplifier (:PA) product family. These ProVantage PAs deliver exceptional value and performance with superior 3G & 4G high power mode efficiency, linearity and reduced system costs.

Space-saving integration and lower overall system expense make these PAs an ideal choice for manufacturers. The ProVantage PAs leverage the company's InGaP-Plus technology to achieve outstanding performance and integration, improving reliability while reducing space requirements at the same time.
Anadigics is continuously extending its product portfolio in markets where multiple PAs are needed. Incremental demand for wireless connectivity in a growing number of consumer devices, including smartphones and tablets, provide substantial growth opportunities for Anadigics. These ProVantage solutions enhance the battery life of the devices and are expected to deliver the industry’s highest efficiency across power levels.  

Headquartered in Warren, NJ, Anadigics designs and manufactures semiconductor solutions for the broadband wireless and wireline communications markets.  Its products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components.

In the last reported quarter, Anadigics reported revenues of $34.6 million, up 37.7% year over year.  The increase in revenues was driven by Cellular wireless segment, legacy WiFi and infrastructure respectively.

Anadigics currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering now include Semiconductor Manufacturing International Corp. (SMI), with Zacks Rank #1 (Strong Buy), Advanced Micro Devices, Inc.  (AMD) and Advanced Semiconductor Engineering Inc. (ASX), both carrying a Zacks Rank #2 (Buy).

Read the Full Research Report on ANAD

Read the Full Research Report on SMI

Read the Full Research Report on AMD

Read the Full Research Report on ASX

Zacks Investment Research

More From Zacks.com