SiTime Co. (NASDAQ:SITM - Get Free Report) insider Fariborz Assaderaghi sold 1,288 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $84.25, for a total transaction of $108,514.00. Following the transaction, the insider now owns 110,203 shares in the company, valued at approximately $9,284,602.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Fariborz Assaderaghi also recently made the following trade(s):
- On Wednesday, March 27th, Fariborz Assaderaghi sold 1,288 shares of SiTime stock. The shares were sold at an average price of $90.57, for a total transaction of $116,654.16.
- On Thursday, February 29th, Fariborz Assaderaghi sold 1,026 shares of SiTime stock. The shares were sold at an average price of $92.33, for a total transaction of $94,730.58.
SiTime Stock Down 1.4 %
Shares of NASDAQ:SITM opened at $89.12 on Wednesday. The firm's 50 day moving average price is $88.42 and its 200-day moving average price is $104.94. The stock has a market capitalization of $2.04 billion, a PE ratio of -24.55 and a beta of 1.78. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $141.99.
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SiTime (NASDAQ:SITM - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.01). The firm had revenue of $42.40 million during the quarter, compared to analysts' expectations of $41.65 million. SiTime had a negative return on equity of 10.21% and a negative net margin of 55.93%. Analysts expect that SiTime Co. will post -2.3 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SiTime
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SITM. FMR LLC increased its holdings in SiTime by 7.5% in the 3rd quarter. FMR LLC now owns 3,054,878 shares of the company's stock worth $349,020,000 after acquiring an additional 212,615 shares in the last quarter. Sandhill Capital Partners LLC purchased a new stake in SiTime in the 3rd quarter worth approximately $18,709,000. Invesco Ltd. grew its holdings in SiTime by 220.2% during the 3rd quarter. Invesco Ltd. now owns 198,296 shares of the company's stock valued at $22,655,000 after buying an additional 136,367 shares in the last quarter. Norges Bank purchased a new stake in SiTime during the 4th quarter valued at approximately $12,662,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in SiTime during the 3rd quarter valued at approximately $10,035,000. 84.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SITM has been the topic of several recent research reports. Stifel Nicolaus increased their price objective on shares of SiTime from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd. Barclays increased their price objective on shares of SiTime from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.00.
Check Out Our Latest Stock Report on SITM
SiTime Company Profile
(
Get Free Report)
SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense.
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