SiTime Co. (NASDAQ:SITM - Get Free Report) Director Torsten Kreindl sold 6,000 shares of SiTime stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $220.86, for a total transaction of $1,325,160.00. Following the completion of the sale, the director now owns 13,511 shares in the company, valued at $2,984,039.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SiTime Stock Down 3.9 %
Shares of NASDAQ SITM opened at $206.78 on Wednesday. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $228.12. The company has a market cap of $4.78 billion, a PE ratio of -49.95 and a beta of 1.83. The business's 50 day moving average price is $170.57 and its two-hundred day moving average price is $143.17.
SiTime (NASDAQ:SITM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.14. The firm had revenue of $57.70 million for the quarter, compared to analysts' expectations of $55.10 million. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The business's revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.81) EPS. As a group, research analysts anticipate that SiTime Co. will post -3.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Urgent: This election is rigged
From Porter & Company | Ad
If you missed it, my emergency election broadcast is now available - but will be removed soon
Click here to watch it now.
SITM has been the topic of several recent research reports. Barclays lifted their price target on shares of SiTime from $90.00 to $130.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price target on SiTime from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Needham & Company LLC upped their price objective on SiTime from $140.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Roth Mkm boosted their target price on shares of SiTime from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Report on SiTime
Institutional Investors Weigh In On SiTime
A number of institutional investors have recently modified their holdings of SITM. Signaturefd LLC raised its stake in SiTime by 67.4% in the 3rd quarter. Signaturefd LLC now owns 149 shares of the company's stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of SiTime by 59.5% in the second quarter. Nisa Investment Advisors LLC now owns 236 shares of the company's stock valued at $29,000 after buying an additional 88 shares during the period. GAMMA Investing LLC increased its stake in SiTime by 281.0% during the 2nd quarter. GAMMA Investing LLC now owns 381 shares of the company's stock worth $47,000 after acquiring an additional 281 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in SiTime during the 2nd quarter worth $49,000. Finally, Van ECK Associates Corp bought a new stake in shares of SiTime during the 3rd quarter valued at $123,000. Institutional investors own 84.31% of the company's stock.
About SiTime
(
Get Free Report)
SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
