Key Points
- SiTime CEO Rajesh Vashist sold 12,000 shares at an average price of $603.47, generating $7.24 million and reducing his stake by 3.36% to 345,544 shares.
- SiTime reported strong quarterly results, with revenue rising 126.5% year over year to $157.43 million and adjusted earnings of $2.34 per share, beating analyst estimates.
- Analyst sentiment remains positive: the stock has an average “Buy” rating and a $761.25 price target, while institutional investors own 84.31% of shares.
SiTime Corporation (NASDAQ:SITM - Get Free Report) CEO Rajesh Vashist sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the completion of the transaction, the chief executive officer owned 345,544 shares in the company, valued at approximately $208,525,437.68. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Rajesh Vashist also recently made the following trade(s):
- On Monday, June 15th, Rajesh Vashist sold 5,000 shares of SiTime stock. The stock was sold at an average price of $750.00, for a total transaction of $3,750,000.00.
- On Monday, June 15th, Rajesh Vashist sold 15,000 shares of SiTime stock. The shares were sold at an average price of $750.20, for a total value of $11,253,000.00.
SiTime Stock Performance
Shares of SITM stock opened at $602.27 on Friday. The company has a 50 day moving average price of $601.16 and a 200-day moving average price of $569.47. SiTime Corporation has a 52 week low of $243.68 and a 52 week high of $901.81. The firm has a market capitalization of $18.11 billion, a PE ratio of 1,229.12 and a beta of 2.86. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29.
SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm's revenue for the quarter was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities research analysts expect that SiTime Corporation will post 6.33 earnings per share for the current year.
Hedge Funds Weigh In On SiTime
A number of hedge funds have recently modified their holdings of SITM. Parallel Advisors LLC raised its position in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 16 shares during the period. Larson Financial Group LLC increased its stake in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after buying an additional 96 shares in the last quarter. USA Financial Formulas purchased a new stake in SiTime in the 1st quarter worth $33,000. Caitong International Asset Management Co. Ltd bought a new stake in SiTime during the fourth quarter valued at about $33,000. Finally, Optiver Holding B.V. raised its holdings in SiTime by 433.3% during the first quarter. Optiver Holding B.V. now owns 128 shares of the company's stock valued at $44,000 after acquiring an additional 104 shares during the period. 84.31% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SITM. The Goldman Sachs Group reissued a "buy" rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Benchmark started coverage on shares of SiTime in a research note on Wednesday, August 19th. They set a "buy" rating and a $850.00 price target on the stock. Weiss Ratings raised shares of SiTime from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Wall Street Zen raised SiTime from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded SiTime from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $761.25.
Check Out Our Latest Stock Analysis on SITM
SiTime Company Profile
(
Get Free Report)
SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.
The company's portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.
SiTime was founded in 2004 and is headquartered in Santa Clara, California.
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