Last $61.20 USD
Change Today -0.77 / -1.24%
Volume 90.7K
HITT On Other Exchanges
As of 8:10 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

hittite microwave corp (HITT) Snapshot

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hittite microwave corp (HITT) Details

Hittite Microwave Corp. designs and develops integrated circuits, modules, and subsystems for technically demanding radio-frequency, microwave, and millimeter-wave applications. Its product portfolio includes amplifiers; attenuators; frequency dividers, detectors, multipliers, mixers, and converters; and modulators, oscillators, phase shifters, sensors, synthesizers, and switches. Hittite also supplies custom semiconductor components to its customers. Its products are used in a range of wired and wireless communications applications, such as cell-phone base stations, microwave- and millimeter-wave radio systems, broadband-wireless access systems, and direct-broadcast satellite systems. Its products are also used in detection, measurement, and imaging applications, including military communication, targeting, guidance, and electronic countermeasure systems; commercial, scientific, and military spacecraft; automotive collision-avoidance systems; medical-imaging systems; and industrial-test equipment. It has operations in the U.S., China, Germany, Korea, Sweden, and Britain. Founded in 1985, Hittite is based in Chelmsford, Mass.

506 Employees
Last Reported Date: 02/26/14
Founded in 1985

hittite microwave corp (HITT) Top Compensated Officers

Chief Executive Officer, President and Indepe...
Total Annual Compensation: $394.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $355.6K
Vice President of Technology & Market Develop...
Total Annual Compensation: $299.1K
Vice President of Sales - Asia Pacific
Total Annual Compensation: $298.7K
Vice President of Global Operations
Total Annual Compensation: $296.0K
Compensation as of Fiscal Year 2013.

hittite microwave corp (HITT) Key Developments

Hittite Microwave Corporation Launches HMC6980

Hittite Microwave Corporation has launched the HMC6980, a 10 MHz to 20 GHz power amplifier module that is ideal for EW, ECM, radar, fiber optic and test equipment applications. The HMC6980 is a GaAs MMIC PHEMT Power Amplifier in a miniature, hermetic module with replaceable SMA connectors which operates between 0.01 GHz and 20 GHz. The amplifier provides 12 dB of gain, up to +36 dBm output IP3 and up to +28 dBm of output power at 1 dB gain compression. Gain flatness is excellent over the entire 2 to 18 GHz frequency band. The wideband amplifier I/Os are internally matched to 50 Ohms and are DC blocked. Integrated voltage regulators allow for flexible biasing of both the negative and positive supply pins, while internal bias sequencing circuitry assures robust operation.

Cosmo S. Trapani Intends Not to Stand for Re-Election as Director of Hittite Microwave Corporation

On March 22, 2014, Cosmo S. Trapani notified Hittite Microwave Corporation that he does not intend to stand for re-election as a director at its 2014 annual meeting of stockholders, expected to be held on May 14, 2014. Mr. Trapani has served as a member of board of directors since 2000.

Hittite Microwave Corporation Revises Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013

Hittite Microwave Corporation revised its financial results for the fourth quarter and full year ended December 31, 2013 to correct an error in its accounting for foreign exchange losses related to an intra-company loan. The impact to the company's results of operations from the correction of the error was to increase other expense by $0.9 million and to reduce net income by a corresponding amount. Revenue, gross profit and income from operations for the quarter remain unchanged. Giving effect to the correction, net income for the quarter was $15.6 million, or $0.50 per diluted share, rather than $16.5 million, or $0.53 per diluted share, as previously reported on February 6, 2014. For the full year 2013, the company's revised net income was $70.0 million, or $2.25 per diluted share, rather than $70.9 million, or $2.28 per diluted share, as previously reported.


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Price/Earnings 27.5x
Price/Sales 6.9x
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Price/Cash Flow 28.3x
TEV/Sales 5.5x

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