Hittite Microwave Corp. Announces Special Dividend of $0.15 (HITT)
Hittite Microwave Corp. (NASDAQ:HITT) declared a special dividend on Friday, February 7th, Analyst Ratings.Net reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.15 per share on Thursday, March 27th. The ex-dividend date of this dividend is Friday, February 28th.
A number of research firms have recently commented on HITT. Analysts at Needham & Company cut their price target on shares of Hittite Microwave Corp. from $66.00 to $63.00 in a research note to investors on Friday. Analysts at Goldman Sachs Group Inc. upgraded shares of Hittite Microwave Corp. to a “buy” rating in a research note to investors on Friday. They now have a $75.00 price target on the stock, up previously from $70.00.
Shares of Hittite Microwave Corp. (NASDAQ:HITT) traded down 3.63% on Friday, hitting $54.88. The stock had a trading volume of 393,564 shares. Hittite Microwave Corp. has a one year low of $52.45 and a one year high of $66.97. The stock’s 50-day moving average is $59.7 and its 200-day moving average is $61.99. The company has a market cap of $1.680 billion and a P/E ratio of 24.55.
Hittite Microwave Corp. (NASDAQ:HITT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.03. The company had revenue of $68.80 million for the quarter, compared to the consensus estimate of $67.58 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Hittite Microwave Corp. will post $2.48 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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