Key Points
- Rajesh Vashist sold 2,000 shares of SiTime on Jan. 2 at an average price of $369.20 for proceeds of $738,400, trimming his stake by 0.46% to 431,609 shares valued at about $159.35 million.
- The Jan. 2 sale continues a recent insider selling streak—he sold 10,000 shares on Nov. 6 (avg $329), 2,000 on Nov. 3 (avg $289.75) and 2,000 on Dec. 1 (avg $291.02), totaling 16,000 shares sold across these transactions.
- Company snapshot: SiTime (market cap ≈ $9.0B) reported Q results with $83.6M revenue and $0.87 EPS (both beats), but faces a consensus forecast of negative full-year EPS and holds a "Moderate Buy" consensus target of $343.13 within a 1‑year range of $105.40–$387.52.
SiTime Corporation (NASDAQ:SITM - Get Free Report) CEO Rajesh Vashist sold 2,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $369.20, for a total transaction of $738,400.00. Following the completion of the sale, the chief executive officer directly owned 431,609 shares in the company, valued at approximately $159,350,042.80. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Rajesh Vashist also recently made the following trade(s):
- On Monday, December 1st, Rajesh Vashist sold 2,000 shares of SiTime stock. The stock was sold at an average price of $291.02, for a total transaction of $582,040.00.
- On Thursday, November 6th, Rajesh Vashist sold 10,000 shares of SiTime stock. The shares were sold at an average price of $329.00, for a total transaction of $3,290,000.00.
- On Monday, November 3rd, Rajesh Vashist sold 2,000 shares of SiTime stock. The stock was sold at an average price of $289.75, for a total transaction of $579,500.00.
SiTime Price Performance
Shares of SiTime stock opened at $344.75 on Wednesday. SiTime Corporation has a 1 year low of $105.40 and a 1 year high of $387.52. The business has a 50 day moving average price of $326.13 and a 200 day moving average price of $272.54. The company has a market capitalization of $9.00 billion, a P/E ratio of -116.47 and a beta of 2.49.
SiTime (NASDAQ:SITM - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.16. SiTime had a negative return on equity of 5.69% and a negative net margin of 25.18%.The firm had revenue of $83.57 million for the quarter, compared to analysts' expectations of $78.08 million. During the same quarter in the prior year, the firm earned $0.40 EPS. SiTime's quarterly revenue was up 44.8% on a year-over-year basis. As a group, research analysts expect that SiTime Corporation will post -2.44 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SITM has been the topic of a number of recent research reports. Raymond James Financial restated an "outperform" rating on shares of SiTime in a report on Tuesday, December 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of SiTime in a research note on Wednesday, October 8th. Stifel Nicolaus set a $360.00 target price on shares of SiTime in a research report on Thursday, November 6th. Needham & Company LLC lifted their target price on shares of SiTime from $250.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. Finally, Loop Capital assumed coverage on SiTime in a research note on Friday, November 21st. They set a "buy" rating and a $350.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $343.13.
Check Out Our Latest Report on SiTime
Hedge Funds Weigh In On SiTime
Large investors have recently bought and sold shares of the stock. Optiver Holding B.V. grew its stake in shares of SiTime by 56.1% during the 3rd quarter. Optiver Holding B.V. now owns 89 shares of the company's stock valued at $27,000 after buying an additional 32 shares during the period. Hantz Financial Services Inc. raised its position in shares of SiTime by 190.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 90 shares of the company's stock worth $27,000 after buying an additional 59 shares during the period. Larson Financial Group LLC boosted its holdings in SiTime by 3,200.0% in the third quarter. Larson Financial Group LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Game Plan Financial Advisors LLC purchased a new stake in SiTime during the second quarter valued at about $25,000. Finally, Salomon & Ludwin LLC purchased a new stake in SiTime during the third quarter valued at about $47,000. Hedge funds and other institutional investors own 84.31% of the company's stock.
SiTime Company Profile
(
Get Free Report)
SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime's products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.
The company's timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.
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