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Audience up 19% over last two days

Apr. 16, 2015 12:08 PM ETAudience, Inc (ADNC) StockADNCBy: Eric Jhonsa, SA News Editor
  • Beaten-down Audience (ADNC +9.7%) has blasted off over the last two days after Samsung announced early demand for the Galaxy S6 (for which Audience is believed to be supplying a voice processor) is "much higher" than expected, and that it expects to eventually sell 70M+ S6 and S6 Edge units. Today's volume (217K shares) has already topped a 3-month daily average of 165K.
  • The gains come ahead of Audience's April 30 Q1 report. The company had $59M in cash (equal to 42% of its current market cap) as of Dec. 31, and no debt. More than a few small-cap chip industry peers have been acquired (I, II, III).

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