SiTime Co. (NASDAQ:SITM - Get Free Report) Director Raman Chitkara sold 500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $265.00, for a total value of $132,500.00. Following the sale, the director now directly owns 20,719 shares in the company, valued at $5,490,535. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
SiTime Trading Down 2.2 %
Shares of NASDAQ SITM opened at $247.11 on Tuesday. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $268.18. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of -59.69 and a beta of 1.86. The firm has a 50 day moving average of $202.64 and a 200 day moving average of $161.99.
SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. SiTime had a negative return on equity of 9.89% and a negative net margin of 53.55%. The firm had revenue of $57.70 million during the quarter, compared to analyst estimates of $55.10 million. During the same period in the prior year, the business posted ($0.81) EPS. SiTime's revenue was up 62.4% on a year-over-year basis. Sell-side analysts predict that SiTime Co. will post -2.98 EPS for the current year.
Institutional Inflows and Outflows
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Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of SiTime by 67.4% during the 3rd quarter. Signaturefd LLC now owns 149 shares of the company's stock valued at $26,000 after acquiring an additional 60 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of SiTime by 59.5% in the second quarter. Nisa Investment Advisors LLC now owns 236 shares of the company's stock worth $29,000 after purchasing an additional 88 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SiTime in the second quarter worth $49,000. Van ECK Associates Corp bought a new stake in shares of SiTime during the 3rd quarter valued at $123,000. Finally, nVerses Capital LLC purchased a new position in shares of SiTime during the 2nd quarter valued at $124,000. Institutional investors own 84.31% of the company's stock.
Analyst Upgrades and Downgrades
SITM has been the topic of several research analyst reports. Barclays upped their target price 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. Roth Mkm raised 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. Needham & Company LLC boosted their target price on shares of SiTime from $140.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price target on SiTime from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th.
Read Our Latest Analysis on SiTime
SiTime Company Profile
(
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.
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