Analog Devices - Investors Applaud The Accretive And Growth-Enhancing Hittite Microwave Takeover
The Value Investor • Tue, Jun. 10
- Analog Devices acquires Hittite Microwave in a $2 billion deal.
- The deal adds to margins, earnings, and improves Analog's growth profile, triggering shareholder enthusiasm.
- I am a buyer on 10-15% corrections, paying a 17 times normalized multiple for the improved profile of this still-cyclical player.