SiTime Co. (NASDAQ:SITM - Get Free Report) insider Fariborz Assaderaghi sold 1,000 shares of SiTime stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $201.36, for a total transaction of $201,360.00. Following the sale, the insider now owns 101,319 shares of the company's stock, valued at approximately $20,401,593.84. This represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Fariborz Assaderaghi also recently made the following trade(s):
- On Monday, May 19th, Fariborz Assaderaghi sold 5,112 shares of SiTime stock. The shares were sold at an average price of $205.53, for a total transaction of $1,050,669.36.
- On Thursday, May 8th, Fariborz Assaderaghi sold 1,268 shares of SiTime stock. The stock was sold at an average price of $184.92, for a total transaction of $234,478.56.
- On Tuesday, April 29th, Fariborz Assaderaghi sold 1,267 shares of SiTime stock. The shares were sold at an average price of $147.80, for a total value of $187,262.60.
SiTime Price Performance
Shares of NASDAQ SITM traded down $1.50 during midday trading on Thursday, reaching $214.10. 216,458 shares of the stock were exchanged, compared to its average volume of 249,081. SiTime Co. has a 12 month low of $105.40 and a 12 month high of $268.18. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of -52.86 and a beta of 2.24. The business has a 50-day simple moving average of $172.10 and a two-hundred day simple moving average of $190.92.
SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.11 by $0.15. SiTime had a negative return on equity of 10.12% and a negative net margin of 46.18%. The business had revenue of $60.31 million for the quarter, compared to the consensus estimate of $54.01 million. During the same quarter last year, the business posted ($0.08) EPS. The firm's revenue was up 82.7% compared to the same quarter last year. Equities research analysts expect that SiTime Co. will post -2.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SiTime
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of SiTime by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,468,348 shares of the company's stock valued at $529,535,000 after purchasing an additional 52,310 shares during the period. Invesco Ltd. lifted its stake in SiTime by 11.0% in the fourth quarter. Invesco Ltd. now owns 983,175 shares of the company's stock valued at $210,921,000 after buying an additional 97,062 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in SiTime by 17.0% in the first quarter. Ameriprise Financial Inc. now owns 603,333 shares of the company's stock valued at $92,233,000 after buying an additional 87,598 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of SiTime by 2,016.8% in the first quarter. Alliancebernstein L.P. now owns 443,227 shares of the company's stock valued at $67,756,000 after buying an additional 422,288 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of SiTime by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 442,897 shares of the company's stock worth $95,037,000 after acquiring an additional 1,975 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.
Analysts Set New Price Targets
SITM has been the subject of a number of analyst reports. Barclays lifted their price objective on SiTime from $135.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday. Stifel Nicolaus raised their target price on SiTime from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.00.
Check Out Our Latest Research Report on SITM
About SiTime
(
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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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