Hittite Microwave Corp. Reaches New 12-Month Low at $52.36 (HITT)
Hittite Microwave Corp. (NASDAQ:HITT)’s share price reached a new 52-week low during trading on Friday, StockRatingsNetwork.com reports. The stock traded as low as $52.36 and last traded at $54.41, with a volume of 295,144 shares traded. The stock had previously closed at $56.95.
A number of analysts have recently weighed in on HITT shares. 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.
Hittite Microwave Corp. has a 52 week low of $52.36 and a 52 week high of $66.97. The stock has a 50-day moving average of $59.59 and a 200-day moving average of $61.94. 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 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Hittite Microwave Corp. will post $2.48 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be given a dividend of 0.15 per share. The ex-dividend date of this dividend is Friday, February 28th.
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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