Hittite Microwave Corp. Director Jason Lynch Sells 1,318 Shares (HITT)
Hittite Microwave Corp. (NASDAQ:HITT) Director Jason Lynch sold 1,318 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $63.22, for a total value of $83,323.96. Following the transaction, the director now directly owns 11,759 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HITT. Analysts at Stifel Nicolaus raised their price target on shares of Hittite Microwave Corp. (NASDAQ:HITT) from $72.00 to $75.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Hittite Microwave Corp. (NASDAQ:HITT) from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $58.00 price target on the stock.
Hittite Microwave Corp. (NASDAQ:HITT) traded up 0.52% during mid-day trading on Monday, hitting $63.33. The stock had a trading volume of 56,923 shares. Hittite Microwave Corp. has a one year low of $52.45 and a one year high of $66.97. The stock has a 50-day moving average of $62.07 and a 200-day moving average of $59.04. The company has a market cap of $1.938 billion and a P/E ratio of 27.51.
Hittite Microwave Corp. (NASDAQ:HITT) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $68.61 million for the quarter, compared to the consensus estimate of $67.77 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Hittite Microwave Corp. will post $2.28 earnings per share for the current fiscal year.
Hittite Microwave Corporation designs and develops integrated circuits (NASDAQ:HITT), modules, subsystems and instrumentation for radio frequency (RF) microwave and millimeterwave applications.
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