Key Points
- Insider Piyush Sevalia sold 1,249 shares on March 25 at an average price of $375, generating $468,375 in proceeds and reducing his stake by 1.40% to 87,916 shares (valued ~ $32.97M).
- SiTime beat Q4 expectations, reporting $1.53 EPS vs. $1.20 est. and $113.29M revenue (up 66.3% YoY), but the company still has a negative net margin (~-13.13%) and analysts project -2.44 EPS for the current fiscal year.
- Analysts are mostly bullish (average rating "Moderate Buy" with an average price target of $409.38), while the stock carries an $8.61B market cap and a 52-week range of $105.40–$446.95.
SiTime Corporation (NASDAQ:SITM - Get Free Report) insider Piyush Sevalia sold 1,249 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $375.00, for a total value of $468,375.00. Following the completion of the sale, the insider owned 87,916 shares of the company's stock, valued at approximately $32,968,500. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
SiTime Price Performance
Shares of NASDAQ:SITM opened at $327.20 on Friday. The business's 50 day simple moving average is $374.88 and its 200 day simple moving average is $335.35. SiTime Corporation has a 1 year low of $105.40 and a 1 year high of $446.95. The company has a market capitalization of $8.61 billion, a P/E ratio of -179.78 and a beta of 2.53.
SiTime (NASDAQ:SITM - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.33. The firm had revenue of $113.29 million during the quarter, compared to the consensus estimate of $101.91 million. SiTime had a negative return on equity of 2.06% and a negative net margin of 13.13%.The company's revenue was up 66.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. On average, sell-side analysts anticipate that SiTime Corporation will post -2.44 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in SiTime by 12.5% during the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company's stock worth $675,000 after purchasing an additional 491 shares in the last quarter. Advisors Asset Management Inc. boosted its position in SiTime by 33.6% in the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company's stock valued at $54,000 after buying an additional 88 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of SiTime by 310.8% during the first quarter. AQR Capital Management LLC now owns 10,754 shares of the company's stock worth $1,557,000 after buying an additional 8,136 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of SiTime by 21.6% during the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company's stock worth $1,272,000 after buying an additional 1,477 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of SiTime during the second quarter worth $196,000. Institutional investors own 84.31% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SITM shares. Needham & Company LLC raised their target price on shares of SiTime from $400.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Stifel Nicolaus set a $450.00 price target on shares of SiTime in a report on Thursday, February 5th. Raymond James Financial reiterated an "outperform" rating on shares of SiTime in a research report on Tuesday, December 2nd. UBS Group lifted their price objective on shares of SiTime from $430.00 to $485.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Finally, Roth Mkm restated a "buy" rating and set a $450.00 price objective on shares of SiTime in a research report on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SiTime presently has an average rating of "Moderate Buy" and an average price target of $409.38.
Get Our Latest Stock Report on SiTime
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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