) recently announced that it will provide ALT6181 multimode
multiband power amplifier (MMPA) to Samsung Electronics for its new
Galaxy Express smartphone. This new series of smartphones will be
available through AT&T shortly.
ANADIGICS primarily provides semiconductor solutions in the
growing broadband wireless and wireline communications markets.
The company's product line includes radio frequency (RF) power
amplifiers (PAs), tuner integrated circuits, active splitters, line
amplifiers and other components. The RF power amplifier
products enable mobile handsets, datacards and other devices to
access third and fourth generation (3G and 4G) wireless networks by
utilizing international standards like LTE (Long Term Evolution),
WCDMA (Wideband Code Division Multiple Access), HSPA (High Speed
Packet Access), CDMA (Code Division Multiple Access), EVDO
(Evolution Data Optimized) and WiMAX (Worldwide Interoperability
for Microwave Access).
The MMPAs from ANANDIGICS combine high speed performance and
excellent integration by using the company's exclusive InGaP-Plus
technology and patented design architectures. The solution also
offers competitive advantage to mobile device manufacturers by
providing extended battery-life, as well as quad-band GSM/EDGE and
dual-band WCDMA/LTE functionality in a single package to minimize
printed circuit board (PCB) space requirements.
Management remains upbeat about its selection by Samsung for the
Galaxy Express. Samsung has been a key customer for the company for
quite some time and generated approximately 19% of total sales in
As demand for high speed data continue to increase by leaps and
bounds, multimode multiband smartphones that provide GSM/EDGE,
WCDMA, and LTE functionality are touted to be growth engines of the
ANADIGICS expects to capture a major chunk of this growing
market share by leveraging its advanced technology and design
expertise to provide highly integrated solutions to OEMs and ODMs
that help save space, extend battery-life, and reduce
However, ANADIGICS remains challenged due to an uncertain
economic environment and weakening demand in the near term along
with its peers
Hence, we maintain a Neutral recommendation on ANADIGCS in the
long run. Our Neutral recommendation is supported by a Zacks #3
Rank, which translates into a short-term rating of Buy.
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