DA Davidson Downgrades Hittite Microwave (HITT) to Neutral

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Wells Fargo Downgrades Hittite Microwave (HITT) to Market Perform

June 10, 2014 7:11 AM EDT

Wells Fargo downgraded Hittite Microwave (NASDAQ: HITT) from Outperform to Market Perform with a price target of $77-$78.

Analyst David Wong said, "Our valuation range is based primarily on the fact that ADI has made a... More

Stifel Nicolaus Downgrades Hittite Microwave (HITT) to Hold

June 9, 2014 2:01 PM EDT

Stifel Nicolaus downgraded Hittite Microwave (NASDAQ: HITT) from Buy to Hold.

For an analyst ratings summary and ratings history on Hittite Microwave click here. For more ratings news on Hittite Microwave click here.

Shares of Hittite Microwave closed at $60.56 yesterday.

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Analog Devices (ADI) to Acquire Hittite Microwave (HITT) for $78/Share

June 9, 2014 7:01 AM EDT

Analog Devices, Inc. (Nasdaq: ADI) and Hittite Microwave Corporation (Nasdaq: HITT) announced that the two companies have entered into a definitive agreement whereby ADI will acquire Hittite for $78 per share in cash. The closing price of Hittites common stock on June 6, 2014 was $60.56 per share.

This agreement reflects a total enterprise value for Hittite of approximately $2 billion. ADI expects to fund the acquisition through a combination of cash on hand and... More

Hittite Microwave (HITT) trading halted with news pending

June 9, 2014 6:59 AM EDT

Hittite Microwave (NASDAQ: HITT) trading halted with news pending.

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