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Hittite Microwave Anonim Ortaklık Message Board

  • ham1198 ham1198 May 15, 2009 9:27 PM Flag

    Zack's Buy rating...45$ target in 6 months..

    ...that's 40% return...

    Hittite Microwave (HITT) is a leading analog company.
    With margin expansion, new product introductions, a
    diversified revenue base, and recovery in demand in the
    millimeter/microwave market, we remain positive on
    HITT. Business remains strong due to the fact that the
    company sells directly to its customers. Although, 1Q09
    was the first sequentially down quarter in six years as a
    result of weak global economic environment and
    slowdown in end market demand, the 2Q is expected to
    grow sequentially. We believe Hittite is better positioned
    than its peers should the outlook for tech deteriorate
    given its international exposure and less cyclical target
    markets. We maintain our Buy rating on HITT shares,
    and raise our six-month price target to $45.00.