Hittite Microwave Corp Plans Quarterly Dividend of $0.15 (HITT)
Hittite Microwave Corp (NASDAQ:HITT) announced a quarterly dividend on Thursday, April 24th, AnalystRatingsNetwork.com reports. Stockholders of record on Wednesday, June 4th will be paid a dividend of 0.15 per share on Friday, June 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.97%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Hittite Microwave Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $63.80 price target on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of Hittite Microwave Corp from $66.00 to $63.00 in a research note on Friday, February 7th.
Shares of Hittite Microwave Corp (NASDAQ:HITT) traded up 0.67% on Thursday, hitting $61.61. 159,237 shares of the company’s stock traded hands. Hittite Microwave Corp has a 52 week low of $52.36 and a 52 week high of $66.49. The stock’s 50-day moving average is $62.03 and its 200-day moving average is $61.10. The company has a market cap of $1.898 billion and a price-to-earnings ratio of 27.20.
Hittite Microwave Corp (NASDAQ:HITT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $70.60 million for the quarter, compared to the consensus estimate of $68.50 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 4.3% on a year-over-year basis. Analysts expect that Hittite Microwave Corp will post $2.31 EPS 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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