ANADIGICS Sways Galaxy Note - Analyst Blog
April 02 2012 - 1:56PM
Zacks
Last week, ANADIGICS, Inc. (ANAD) announced
that it has started shipping its power amplifiers (PAs) to Samsung
Electronics. These amplifiers support Samsung Galaxy Note with its
High-Efficiency-at-Low-Power (HELP4) and HELP3E amplifiers. These
will replace the Galaxy Note 19228 (TD-SCDMA) and Galaxy Note 1889
(CDMA) in the Chinese market, whereas the Galaxy Note SHV-E160L
would be out of date in the Korean market.
The power amplifiers supplied by the company are to enhance the
battery longevity of the Galaxy Note by providing a platform for
optimum power output capacity. Furthermore, the existing bonds
between ANADIGICS and Samsung Electronics will inevitably grow
together even further through this venture.
Samsung Electronics has been an integral contributor to the net
sales of the company for years now. In 2011, Samsung accounted for
nearly 19% of net sales reported by ANADIGICS. It is imperative
that such advancements keep accruing for the company as it grapples
with a difficult fiscal situation clouding its performance in the
global economy.
While turbulent times prevail in the world today, jeopardizing
the economic scenario, ANADIGICS should remain wary of a few
competitors who are showing approbatory vigor in reporting
impressive results, even at such difficult times. Shipment orders
for MEMSIC, Inc. (MEMS) increased almost 213% year
over year to reach 35 million in the last quarter of 2011. Other
ominous players in the industry remain Silicon Motion
Technology Corp. (SIMO) and Rohm Co. Ltd.
(ROHCY).
The current Zacks Consensus Estimates for ANADIGICS is a
loss of 21 cents and 78 cents for the first quarter of 2012 and for
fiscal 2012, respectively. The company currently retains a Zacks #4
Rank, which translates into a short-term Sell rating. However, we
maintain our Neutral recommendation on the stock.
ANADIGICS CORP (ANAD): Free Stock Analysis Report
MEMSIC INC (MEMS): Free Stock Analysis Report
SILICON MOTION (SIMO): Free Stock Analysis Report
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