HITT

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"Net income for the 2nd quarter was $13.5 million, or $0.43 per diluted share  
   
   
Approximate Financial Snapshot as of 1/29/09
Shares Outstanding 31M
52 Wk Hi/Lo 50.68/

24.23

Market Cap $831M
Recent Price $26.08

 

 

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1.29.09

Hittite Microwave (HITT)

Website: www.hittite.com

Over 700 Products and more than 2,700 customers.


Overview

Hittite (HITT) is an innovative designer and developer of high performance integrated circuits, or ICs, modules, subsystems and instrumentation for technically demanding radio frequency, or RF, microwave and millimeterwave applications.

Products include amplifiers, attenuators, data converters, frequency dividers and detectors, frequency multipliers, high speed digital logic, interface, mixers and converters, modulators and demodulators, oscillators, passives, phase lock loop (PLL), phase shifters, power detectors, sensors, switches, synthesizers and variable gain amplifiers. 

Hittite's products are used in a variety of applications and end markets including automotive, broadband, cellular infrastructure, fiber optic, microwave and millimeterwave communications, military, space, as well as test and measurement. 

The company utilizes radio frequency integrated circuits (RFIC), monolithic microwave integrated circuits (MMIC), multi-chip modules (MCM) and microwave integrated circuit (MIC) technologies.


HITT Investor Highlights

  • The Company expects revenue for the third quarter ending September 30, 2008 to be in the range of $44.5 million to $45.5 million and net income to be in the range of $13.1 million to $13.5 million, or $0.42 to $0.43 per diluted share.
  • Reported revenue for the second quarter ended June 30, 2008 of $45.0 million, representing an increase of 19.6% compared with $37.6 million for the second quarter of 2007.
  • Net income for the quarter was $13.5 million, or $0.43 per diluted share, an increase of 10.7% compared with $12.2 million, or $0.39 per diluted share, for the second quarter of 2007.
  • Has a one year target price of $41.67.
  • Trades at a P/E around 15 with EPS of $1.71.
  • Has $186 million on hand and no long term debt.

Recent News and Press Releases

Hittite Microwave Corporation to Release Fourth Quarter 2008 Financial Results on February 19, 2009

S&P adds new companies to MidCap, SmallCap indices

Hittite Microwave Corporation Q3 2008 Earnings Call Transcript

For the latest Quote and News on HITT Click Here.


Three Month Chart



Contacts

Hittite Microwave

20 Alpha Road
Chelmsford, MA 01824
Phone: 978-250-3343
Fax: 978-250-3373


SEC Filings

HITT filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


 

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