Key Points
- Insider sale: SiTime director Piyush Sevalia sold 1,247 shares at an average price of $425 on April 10 for a total of $529,975, executed under a pre-arranged Rule 10b5-1 plan and reducing his stake by 1.42% to 86,669 shares (worth ~ $36.8M).
- Fundamentals and sentiment: SiTime reported a beat with $1.53 EPS and $113.3M revenue (revenue +66% YoY) but still shows negative net margin and ROE; analysts are broadly positive (consensus "Moderate Buy") with an average target of $409.38 and several firms raising targets up to $485, while the stock trades near its 52-week high (~$460).
SiTime Corporation (NASDAQ:SITM - Get Free Report) insider Piyush Sevalia sold 1,247 shares of the company's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $425.00, for a total transaction of $529,975.00. Following the completion of the sale, the insider owned 86,669 shares of the company's stock, valued at approximately $36,834,325. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SiTime Price Performance
SITM opened at $446.04 on Wednesday. The company's 50-day moving average is $379.25 and its 200 day moving average is $343.51. SiTime Corporation has a fifty-two week low of $123.59 and a fifty-two week high of $460.28. The firm has a market capitalization of $11.73 billion, a P/E ratio of -245.08 and a beta of 2.57.
SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.33. The business had revenue of $113.29 million during the quarter, compared to the consensus estimate of $101.91 million. SiTime had a negative net margin of 13.13% and a negative return on equity of 2.06%. The firm's quarterly revenue was up 66.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities research analysts expect that SiTime Corporation will post -2.44 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently commented on SITM shares. Needham & Company LLC lifted their price target on SiTime from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Wall Street Zen lowered SiTime from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group lifted their target price on SiTime from $430.00 to $485.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Barclays set a $400.00 price target on shares of SiTime in a research report on Thursday, February 5th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $450.00 price objective on shares of SiTime in a research report on Thursday, February 5th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $409.38.
Check Out Our Latest Report on SiTime
Institutional Trading of SiTime
Large investors have recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in shares of SiTime by 188.5% during the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock valued at $26,000 after buying an additional 49 shares during the last quarter. Optiver Holding B.V. raised its stake in SiTime by 56.1% in the 3rd quarter. Optiver Holding B.V. now owns 89 shares of the company's stock valued at $27,000 after acquiring an additional 32 shares during the period. Hantz Financial Services Inc. raised its stake in SiTime by 190.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 90 shares of the company's stock valued at $27,000 after acquiring an additional 59 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in SiTime during the fourth quarter valued at about $33,000. Finally, Larson Financial Group LLC boosted its position in SiTime by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 96 shares during the period. 84.31% of the stock is owned by hedge funds and other institutional investors.
About SiTime
(
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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