Insider Selling: SiTime (NASDAQ:SITM) Director Sells $349,025.00 in Stock

Key Points

• SiTime director Katherine Schuelke sold 500 shares for $349,025, reducing her direct holdings by 4% to 12,010 shares.
• SiTime reported strong quarterly results, with EPS of $2.34 versus the $1.95 consensus estimate and revenue of $157.43 million, up 126.5% year over year.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $688.75; institutional investors own 84.31% of the stock.

SiTime Corporation (NASDAQ:SITM - Get Free Report) Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the sale, the director directly owned 12,010 shares of the company's stock, valued at $8,383,580.50. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SiTime Stock Performance

Shares of SITM stock traded up $13.42 during trading hours on Wednesday, hitting $680.52. The company's stock had a trading volume of 430,050 shares, compared to its average volume of 488,058. SiTime Corporation has a 12-month low of $204.60 and a 12-month high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The stock has a market cap of $20.46 billion, a PE ratio of 1,388.82 and a beta of 2.94. The company has a 50 day moving average of $636.35 and a 200 day moving average of $534.35.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period last year, the firm earned $0.47 EPS. 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. On average, sell-side analysts forecast that SiTime Corporation will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SITM. Needham & Company LLC upped their price target on SiTime from $850.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Barclays upgraded SiTime from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Zacks Research cut shares of SiTime from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Roth Capital restated a "buy" rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.75.

Institutional Trading of SiTime

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its position in shares of SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock worth $26,000 after buying an additional 49 shares during the period. Parallel Advisors LLC raised its holdings in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 16 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 96 shares during the last quarter. USA Financial Formulas purchased a new stake in SiTime during the 1st quarter worth about $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in SiTime in the fourth quarter valued at approximately $33,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime's products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company's timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.

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