HITTITE MICROWAVE NDQ--HITT
51.25
22.43
RANKS
★
PERFORMANCE
★
Suspended
SAFETY
3
Average
BETA 1.05
50.68
31.59
RELATIVE
DIV’D
P/E RATIO 35.5 P/E RATIO 1.73 YLD 0.8%
78.04 TRAILING
49.27
23.77
41.33
23.26
63.41
35.95
67.55
45.69
63.39
45.94
66.97
52.45
VALUE
LINE
78.47
52.36
High
Low
LEGENDS
12 Mos Mov Avg
Suspended
Technical
RECENT
PRICE
. . . . Rel Price Strength
Shaded area indicates recession
50
(1.00 = Market)
25
15
Financial Strength
B++
10
Price Stability
70
Price Growth Persistence
70
Earnings Predictability
75
5
4700
VOL.
(thous.)
2006
2007
2008
2009
2010
2011
2012
2013
2014
4.28
1.53
1.38
-.16
5.13
30.44
25.7
1.39
-130.3
50.7%
4.0
42.7
34.6%
32.8%
142.2
-156.2
27.3%
27.3%
27.3%
--
5.09
1.83
1.64
-.29
7.04
30.72
25.7
1.36
-156.4
49.2%
5.0
51.2
33.8%
32.8%
192.5
-216.3
23.7%
23.7%
23.7%
--
6.09
2.06
1.74
-.18
8.00
29.62
20.0
1.20
-180.3
48.3%
7.1
53.8
35.1%
29.9%
216.9
-236.9
22.7%
22.7%
22.7%
--
5.56
1.81
1.55
-.25
9.36
29.29
22.1
1.47
-163.0
47.1%
6.8
46.2
34.4%
28.3%
255.3
-274.1
16.8%
16.8%
16.8%
--
7.82
2.74
2.56
-.47
12.02
31.25
18.5
1.18
-244.3
52.3%
8.6
77.0
35.4%
31.5%
344.1
-375.8
20.5%
20.5%
20.5%
--
8.71
3.18
2.77
-.37
15.48
30.32
20.8
1.30
-264.1
50.3%
11.7
84.7
30.4%
32.1%
424.2
-469.4
18.0%
18.0%
18.0%
--
8.67
2.65
2.22
-.39
18.07
30.51
24.3
1.56
-264.4
45.1%
12.1
68.6
36.1%
25.9%
504.0
-551.2
12.4%
12.4%
12.4%
--
8.89
2.62
2.25
-.39
20.38
30.81
27.0
1.52
-273.8
43.3%
10.9
70.0
34.6%
25.6%
584.8
-628.0
11.1%
11.1%
11.1%
--
--2.35 A,B
----33.2
----------------
© VALUE LINE PUBLISHING LLC
SALES PER SH
‘‘CASH FLOW’’ PER SH
EARNINGS PER SH
DIV’DS DECL’D PER SH
CAP’L SPENDING PER SH
BOOK VALUE PER SH
COMMON SHS OUTST’G (MILL)
AVG ANN’L P/E RATIO
RELATIVE P/E RATIO
AVG ANN’L DIV’D YIELD
SALES ($MILL)
OPERATING MARGIN
DEPRECIATION ($MILL)
NET PROFIT ($MILL)
INCOME TAX RATE
NET PROFIT MARGIN
WORKING CAP’L ($MILL)
LONG-TERM DEBT ($MILL)
SHR. EQUITY ($MILL)
RETURN ON TOTAL CAP’L
RETURN ON SHR. EQUITY
RETAINED TO COM EQ
ALL DIV’DS TO NET PROF
2015/2016
2.83 C/NA
27.6/NA
Bold figures
are consensus
earnings
estimates
and, using the
recent prices,
P/E ratios.
ANo. of analysts changing earn. est. in last 20 days: 0 up, 0 down, consensus 5-year earnings growth 12.5% per year. BBased upon 3 analysts’ estimates. CBased upon 3 analysts’ estimates.
ANNUAL RATES
of change (per share)
Sales
‘‘Cash Flow’’
Earnings
Dividends
Book Value
Fiscal
Year
12/31/12
12/31/13
12/31/14
12/31/15
Fiscal
Year
12/31/11
12/31/12
12/31/13
12/31/14
12/31/15
Calendar
2011
2012
2013
2014
5 Yrs.
11.0%
9.5%
8.5%
-21.5%
QUARTERLY SALES ($mill.)
1Q
2Q
3Q
4Q
63.3
67.7
70.6
65.4
68.6
67.2
68.7
2012
409.2
30.9
65.9
19.4
525.4
2013
472.5
36.2
76.0
22.4
607.1
3/31/14
492.4
39.1
77.0
13.6
622.1
Property, Plant
& Equip, at cost
Accum Depreciation
264.4 Net Property
273.8 Other
Total Assets
83.6
47.3
36.3
11.9
573.6
94.2
54.8
39.4
10.0
656.5
--38.2
12.6
672.9
LIABILITIES ($mill.)
Accts Payable
Debt Due
Other
Current Liab
3.2
.0
18.2
21.4
5.0
.0
17.3
22.3
5.3
.0
18.4
23.7
1 Yr.
2.5%
-1.0%
1.5%
-13.0%
68.5
68.8
Full
Year
EARNINGS PER SHARE
1Q
2Q
3Q
4Q
Full
Year
.67
.52
.57
.52
2.77
2.22
2.25
.68
.56
.58
.57
.73
.57
.60
.61
.69
.57
.50
.65
QUARTERLY DIVIDENDS PAID
1Q
2Q
3Q
4Q
---.15
---.15
----
----
Full
Year
----
to Buy
to Sell
Hld’s(000)
LONG-TERM DEBT AND EQUITY
as of 3/31/14
Total Debt None
Due in 5 Yrs. None
LT Debt None
Including Cap. Leases None
Leases, Uncapitalized Annual rentals NA
INDUSTRY: Semiconductor
BUSINESS: In June 2014, Hittite Microwave Corp. and
Analog Devices, Inc. entered into a merger agreement.
Under the terms of the agreement, Hittite Microwave
shareholders would receive $78 per share in cash. Due to
this news, the company’s ranks were suspended. Hittite
Microwave Corp. manufactures integrated circuits, modules
and subsystems for technically demanding radio frequency
(RF), microwave, and millimeterwave applications. The
company offers a range of radio frequency integrated
circuits, monolithic microwave integrated circuits, multichip modules, and subsystems that perform a variety of
signal processing functions and that operate across the RF,
microwave, and millimeterwave frequency spectrum. Its
products are used in a range of wired and wireless communications applications, such as cellular telephone base
stations, microwave and millimeterwave radio systems,
broadband wireless access systems, and direct broadcast
satellite systems. Has 506 employees. C.F.O.: William W.
Boecke. Address: 2 Elizabeth Drive, Chelmsford, MA
01824.
Tel.:
(978)
250-3343.
Internet:
N.A.
http://www.hittite.com.
July 4, 2014
Pension Liability None in ’13 vs. None in ’12
INSTITUTIONAL DECISIONS
3Q’13
83
74
31855
ASSETS ($mill.)
Cash Assets
Receivables
Inventory (FIFO)
Other
Current Assets
4Q’13
83
74
31659
Pfd Stock None
1Q’14
83
75
32630
Pfd Div’d Paid None
TOTAL SHAREHOLDER RETURN
Dividends plus appreciation as of 5/31/2014
Common Stock 31,363,000 shares
(100% of Cap’l)
3 Mos.
6 Mos.
1 Yr.
3 Yrs.
5 Yrs.
-0.31%
-6.77%
8.60%
-7.05%
64.66%
©2014 Value Line Publishing LLC. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.
THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No part
of it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.
To subscribe call 1-800-833-0046.