SiTime Co. (NASDAQ:SITM) Insider Sells $205,033.26 in Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,003 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $204.42, for a total transaction of $205,033.26. Following the completion of the sale, the insider now directly owns 99,678 shares of the company’s stock, valued at approximately $20,376,176.76. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fariborz Assaderaghi also recently made the following trade(s):

• On Thursday, January 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The shares were sold at an average price of $220.94, for a total transaction of $221,381.88.
• On Tuesday, December 10th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $249.42, for a total transaction of $249,420.00.
• On Monday, December 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The shares were sold at an average price of $216.85, for a total transaction of $217,283.70.
• On Monday, November 25th, Fariborz Assaderaghi sold 363 shares of SiTime stock. The shares were sold at an average price of $216.25, for a total transaction of $78,498.75.
• On Tuesday, November 19th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $210.16, for a total transaction of $210,160.00.

SiTime Trading Up 2.0 %

Shares of SITM opened at $179.88 on Friday. The firm’s 50-day moving average is $227.99 and its two-hundred day moving average is $186.39. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $268.18. The firm has a market capitalization of $4.20 billion, a P/E ratio of -43.45 and a beta of 1.80.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.14. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The company had revenue of $57.70 million for the quarter, compared to analyst estimates of $55.10 million. During the same period in the prior year, the business posted ($0.81) earnings per share. The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. Analysts predict that SiTime Co. will post -2.98 EPS for the current year.

Wall Street Analyst Weigh In

SITM has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday. Barclays boosted their price target on shares of SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up from $215.00) on shares of SiTime in a research note on Thursday. Needham & Company LLC boosted their price target on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Roth Mkm boosted their price target on shares of SiTime from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $232.00.

Institutional Trading of SiTime

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of SiTime by 80.7% during the third quarter. Barclays PLC now owns 37,982 shares of the company’s stock valued at $6,515,000 after buying an additional 16,964 shares during the period. LMR Partners LLP lifted its stake in shares of SiTime by 705.0% during the third quarter. LMR Partners LLP now owns 80,500 shares of the company’s stock valued at $13,807,000 after buying an additional 70,500 shares during the period. Creative Planning purchased a new position in shares of SiTime during the third quarter valued at approximately $842,000. FMR LLC lifted its stake in shares of SiTime by 1.1% during the third quarter. FMR LLC now owns 3,469,843 shares of the company’s stock valued at $595,113,000 after buying an additional 39,119 shares during the period. Finally, Swedbank AB lifted its stake in shares of SiTime by 21.7% during the third quarter. Swedbank AB now owns 28,000 shares of the company’s stock valued at $4,802,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Company Profile

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.