Key Points
- SiTime director Edward Frank sold 1,000 shares at an average price of $745, generating $745,000 and reducing his direct stake by 8.33% to 10,999 shares.
- SiTime shares opened at $618.71, down 9.0%, while the company carries a market capitalization of approximately $18.6 billion and trades at an exceptionally high P/E ratio of 1,262.67.
- The company exceeded quarterly expectations, reporting $2.34 EPS versus $1.95 expected and revenue of $157.43 million versus $146.46 million expected; analysts maintain a “Moderate Buy” consensus with an average price target of $688.75.
SiTime Corporation (NASDAQ:SITM - Get Free Report) Director Edward Frank sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director directly owned 10,999 shares of the company's stock, valued at approximately $8,194,255. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SiTime Trading Down 9.0%
Shares of SiTime stock opened at $618.71 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The company's fifty day moving average price is $638.25 and its two-hundred day moving average price is $548.38. The firm has a market capitalization of $18.60 billion, a PE ratio of 1,262.67 and a beta of 2.94. SiTime Corporation has a 52-week low of $204.60 and a 52-week high of $901.81.
SiTime (NASDAQ:SITM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.39. The business had revenue of $157.43 million during the quarter, compared to analysts' expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.SiTime's quarterly revenue was up 126.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, analysts expect that SiTime Corporation will post 6.33 EPS for the current year.
Institutional Investors Weigh In On SiTime
Several hedge funds have recently bought and sold shares of SITM. BlackRock Inc. bought a new stake in SiTime in the second quarter valued at approximately $1,781,937,000. Norges Bank bought a new position in shares of SiTime during the 4th quarter worth approximately $83,977,000. Whale Rock Capital Management LLC boosted its stake in shares of SiTime by 45.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company's stock worth $246,717,000 after acquiring an additional 218,038 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of SiTime by 61.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company's stock worth $198,808,000 after acquiring an additional 213,242 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in SiTime during the fourth quarter worth $59,452,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on SITM. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SiTime in a research note on Friday, July 17th. Roth Capital restated a "buy" rating and set a $900.00 price objective on shares of SiTime in a report on Thursday, May 7th. The Goldman Sachs Group restated a "buy" rating and set a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Benchmark started coverage on shares of SiTime in a research report on Wednesday. They set a "buy" rating on the stock. Finally, Zacks Research upgraded shares of SiTime from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, SiTime has a consensus rating of "Moderate Buy" and an average target price of $688.75.
View Our Latest Report on SITM
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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