HITT Hittite Microwave Corporation featured news, full reports, and detailed charts
Hittite Microwave Corporation (HITT) Wrap Up:
We design and develop high performance integrated circuits, or ICs, modules and subsystems for technically demanding radio frequency, or RF, microwave and millimeterwave applications. As a result of our 23 years of experience and innovation, we have developed a deep knowledge of analog, digital and mixed-signal semiconductor technology, from the device level to the design and assembly of complete subsystems. Our fabless business model enables us to leverage our broad engineering, assembly and test capabilities and our intellectual property portfolio, including our semiconductor modeling expertise and library of proprietary circuit designs. Industry Background Growth in advanced electronic systems using RF, microwave and millimeterwave technology Global demand for mobile communication services and for real-time access to diverse types of data continues to increase. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f28%2f0001047469-08-001942.html#FIS_BUSINESS"Hittite Microwave Corporation (HITT:NASDAQ)
Snapshot of Hittite Microwave Corporation (HITT)
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OPEN
$37.79
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PREVIOUS CLOSE
$38.07
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DAY HIGH
$38.18
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DAY LOW
$37.77
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52 WEEK HIGH
10/23/09 - $40.75
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52 WEEK LOW
02/20/09 - $23.26
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MARKET CAP
1.1B
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AVERAGE VOLUME 3 mo
110.3K
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DILUTED EPS TTM
$1.55
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SHARES OUTSTANDING
30.1M
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HITT Does Not Pay Dividends
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P/E TTM
24.4x
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| K = Thousands M = Millions B = Billions | ||
HITT Top Compensated Officers
Executives, Board Directors
Key developments for Hittite Microwave Corporation (HITT)
Hittite Microwave Corporation expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
Hittite Microwave Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $41.5 million, representing a decrease of 8.9% compared with $45.5 million for the third quarter of 2008. Net income for the quarter was $12.0 million or $0.40 per diluted share, a decrease of 12.5% compared with $13.7 million, or $0.44 per diluted share for the third quarter of 2008. Operating income was $18.3 million or 44.1% of revenue compared to $20.51 million reported a year ago. Income before income taxes was $18.35 million compared to $21.25 million reported a year ago. For the nine months, the company reported income from operations of $50.16 million, income before income tax of $50.52 million and net income of $32.75 million or $1.10 per diluted share on revenue of $119.34 million compared to income from operations of $58.99 million, income before income tax of $61.60 million and net income of $40.21 million or $1.29 per diluted share on revenue of $133.86 million for the same period a year ago. The company expects revenue for the fourth quarter ending December 31, 2009 to be in the range of $42.5 million to $43.5 million and net income to be in the range of $11.3 million to $12.3 million, or $0.38 to $0.41 per diluted share.
Hittite Microwave Corporation reported capital spending for the nine months ended September 30, 2009. Capital spending in the quarter was approximately $1.8 million for a total of $6.2 million year to date, inline with the company budget. Spending was focused on production test and assembly equipment and production mass tooling.
HITT Competitors
| Company | Last | Change |
| Acme Packet Inc | $10.54 USD | -0.04 |
| Applied Micro Circuits Corp | $7.45 USD | -0.12 |
| BigBand Networks Inc | $3.64 USD | -0.01 |
| NetLogic Microsystems Inc | $41.90 USD | -0.66 |
| Silicon Image Inc | $2.21 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | HITT | Industry Range |
| Price/Earnings | 24.6x |
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| Price/Sales | 6.8x |
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| Price/Book | 4.3x |
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| Price/Cash Flow | 24.7x |
Not meaningful
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| TEV/Sales | 5.6x |
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HITT |
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HITT transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Hittite Microwave Corporation
More news for HITT
Wireless Applications Showing Greatest Promise in the Semiconductor Space, According to Industry Analyst
67 WALL STREET, New York - September 16, 2009 - The Wall Street Transcript has just published its Semiconductors, Semiconductor Equipment, and Software Report offering a timely review of the sector to serious investors and industry executives. This 115 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: DRAM Industry Reorganization -- Semiconductor Supply Chain Status -- Netbook Growth -- LCD TV Growth -- NAND Pricing and Demand -- Micro-Electro-Mechanical Systems (MEMS) Demand Cycle -- Ultra Low Voltage Processors -- Semiconductor Inventory Aging and Type -- Processor Power Developments Companies include: Intel (INTC); Micron Technology (MU); Microsemi (MSCC); STEC, Inc. (STEC); National Semiconductor (NSM); Texas Instruments (TXN); Taiwan Semiconductor Manufacturing (TSM); ON Semiconductor (ONNN); Intersil (ISIL); Linear Technology Corporation (LLTC); Monolithic Power Systems (MPWR);Advanced Photonix (API); Waytronx Inc. (WYNX); LTX-Credence (LTXC); Mattson Technology Inc. (MTSN); Oclaro, Inc. (OCLR); Silicon Laboratories (SLAB); Microchip Technology, Inc. (MCHP); Cohu, Inc. (COHU); FSI International, Inc. (FSII); Jaco Electronics (JACO); Cadence Design Systems (CDNS); Synopsys (SNPS); Mentor Graphics (MENT); Magma Design Automation (LAVA) In the following brief excerpt from the 115 page report, Patrick J. Ho discusses the outlook for the sector and for investors. TWST: Patrick, I gather you cover...Click here to read the whole Article (external link)
Hittite Microwave Corporation to Release Third Quarter 2009 Financial Results on October 22, 2009
CHELMSFORD, Mass.--(BUSINESS WIRE)--Hittite Microwave Corporation (Nasdaq: HITT - News) plans to announce its financial results for the third quarter ended September 30, 2009 after the close of market on Thursday, October 22, 2009. In conjunction with the release, Hittite Microwave will conduct a conference call at 5:00 p.m. ET on October 22, 2009, hosted by Mr. Stephen G. Daly, Chairman, President and Chief Executive Officer, and Mr. William W. Boecke, Vice President and Chief Financial Officer. A live webcast of the call will be available online on the Hittite Microwave website. To access the live webcast, go to the Investor Relations page of the Hittite Microwave website at www.hittite.com and click on the webcast icon located under the News & Events section. Hittite Microwave encourages each visitor to review the site prior to the call to ensure that the visitor’s computer is configured properly. A telephonic replay of the call also will be available for one week after the live call by dialing (303) 590-3030, access code 4160203. The webcast replay of the call will also be available after the live call by visiting the Investor Relations page at ...Click here to read the whole Article (external link)
Hittite Microwave Corporation Reports Financial Results for the Third Quarter of 2009
Hittite Microwave Corporation Condensed Consolidated Statements of Operations (unaudited) (In thousands except per-share data)  Three Months Ended September 30,  Nine Months Ended September 30, 2009  2008 2009  2008  Revenue $ 41,469 $ 45,528 $ 119,337 $ 133,858 Cost of revenue  11,623   12,504   34,238   38,588  ...Click here to read the whole Article (external link)
Q3 2009 Hittite Microwave Corporation Earnings Release - After Market Close
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
Hittite Microwave Q3 2009 Earnings Call Transcript
Hittite Microwave Corporation (HITT) Q3 2009 Earnings Call October 22, 2009 5:00 pm ET Executives Stephen G. Daly - Chairman of the Board, President, Chief Executive Officer, Director William W. Boecke - Chief Financial Officer, Vice President, Treasurer Analysts Romit J. Shah - Barclays Capital Matthew Robison - Wedbush Securities Aalok Shah - DA Davidson & Co. Jiwon Lee - Sidoti & Company Ryan Brookman - Oppenheimer Nicole Conway - Thomas Weisel Partners Presentation Operator Good afternoon ladies and gentlemen, thank you for standing by and welcome to the Hittite Microwave Corporations’ third quarter 2009 conference call. During today’s presentation all parties will be in a listen only mode. Following the presentation the conference will be open for questions. (Operator’s instructions) This conference is being recorded today, Thursday, October 22, 2009. At this time I’d like to turn the conference over to Mr. Steven Daly, Chairman, President and Chief Executive Officer, please go ahead, sir. Stephen G. Daly Thank you. Ladies and gentlemen, good afternoon and welcome to Hittite Microwave Corporations third quarter 2009 conference call. With me today is Bill Boecke, our Vice President and Chief Financial Officer. Before I begin the discussions I would like to review the Safe Harbor statement. Please note that statements made in this conference call about Hittite’s future expectations, plans and prospects constitute forward-looking statements for the purposes of the Safe Harbor provisions under the private securities litigation reform act of 1995. Actual results may differ mate...Click here to read the whole Article (external link)
HITTITE MICROWAVE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Show all filings for HITTITE MICROWAVE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for HITTITE MICROWAVE CORP 22-Oct-2009Results of Operations and Financial Condition, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...Click here to read the whole Article (external link)
HITTITE MICROWAVE CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue41,469 39,673 38,195 46,393 Cost of Revenue11,623 11,746 10,869 12,968 Gross Profit29,846 27,927 27,326 33,425 Operating ExpensesResearch Development5,609 5,236 6,032 6,460 Selling General and Administrative5,963 6,500 5,597 6,032 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss18,274 16,191 15,697 20,933 Income from Continuing OperationsTotal Other Income/Expenses Net78 159 126 460 Earnings Before Interest And Taxes18,352 16,350 15,823 21,393 Interest Expense - - - - Income Before Tax18,352 16,350 15,823 21,393 Income Tax Expense6,367 5,764 5,638 7,761 Minority Interest - - - - Net Income From Continuing Ops11,985 10,586 10,185 13,632 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - &nb...Click here to read the whole Article (external link)
HITTITE MICROWAVE CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This information should be read in conjunction with our audited consolidated financial statements and notes thereto and Management's Discussion and Analysis of Financial Condition and Results of Operations appearing in our Annual Report on Form 10-K for the year ended December 31, 2008. Description of Our Revenue, Costs and Expenses Revenue. Our revenue is derived primarily from the sale of standard and custom products. We develop standard products from our own specifications, which we sell through our direct sales organization, our network of independent sales representatives, a distributor and our website. We also develop custom products to meet the specialized requirements of individual customers, which are sold by our direct sales organization. We sell our products to original equipment manufacturers (OEMs), that supply advanced electronic systems to commercial and military end users, and to these OEMs' contract manufacturers. In general, the decision to purchase our product is made by the OEM, which has designed our product into its system. In the event that we sell to an OEM's contract manufacturer, the contract manufacturer typically does not have discretion to replace our product with one from a different supplier. Our sales cycle varies substantially, ranging from a period of a month or less when a customer selects a standard product from our catalog or website, to as long as two years or more for custom products. In the sales process, our sales and application engineers work closely with the OEM customer to analyze the customer's system requirements and select an appropriate standard product or establish a technical specification for a custom product. In the case of a custom product, we also select a semiconductor process and foundry, and evaluate test wafers and finished components before manufacturing in commercial quantities can begin. Volume purch...Click here to read the whole Article (external link)
