SiTime Co. (NASDAQ:SITM) Receives $142.00 Average Target Price from Analysts

Shares of SiTime Co. (NASDAQ:SITM - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $142.00.

A number of research firms recently weighed in on SITM. Barclays raised their price objective on SiTime from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Stifel Nicolaus raised their price objective on SiTime from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd.

SiTime Stock Up 1.8 %

Shares of NASDAQ:SITM traded up $1.71 during trading on Monday, hitting $94.94. The stock had a trading volume of 130,465 shares, compared to its average volume of 202,391. SiTime has a 12 month low of $81.09 and a 12 month high of $141.99. The company has a market capitalization of $2.15 billion, a PE ratio of -26.15 and a beta of 1.78. The firm's fifty day moving average is $101.44 and its 200 day moving average is $109.40.

SiTime (NASDAQ:SITM - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.01). SiTime had a negative return on equity of 10.21% and a negative net margin of 55.93%. The firm had revenue of $42.40 million during the quarter, compared to the consensus estimate of $41.65 million. Equities research analysts expect that SiTime will post -2.3 EPS for the current fiscal year.

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $125.00, for a total transaction of $125,000.00. Following the sale, the chief executive officer now directly owns 428,655 shares in the company, valued at approximately $53,581,875. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other SiTime news, CEO Rajesh Vashist sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $125.00, for a total transaction of $125,000.00. Following the sale, the chief executive officer now directly owns 428,655 shares in the company, valued at approximately $53,581,875. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Fariborz Assaderaghi sold 1,288 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $90.57, for a total value of $116,654.16. Following the completion of the transaction, the insider now owns 111,491 shares in the company, valued at $10,097,739.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,340 shares of company stock worth $455,780. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On SiTime

A number of institutional investors and hedge funds have recently modified their holdings of SITM. Pineridge Advisors LLC purchased a new position in shares of SiTime in the 4th quarter worth $25,000. Parkside Financial Bank & Trust lifted its position in SiTime by 99.3% during the second quarter. Parkside Financial Bank & Trust now owns 305 shares of the company's stock valued at $36,000 after purchasing an additional 152 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in SiTime during the second quarter valued at $39,000. Quadrant Capital Group LLC lifted its position in SiTime by 78.2% during the fourth quarter. Quadrant Capital Group LLC now owns 335 shares of the company's stock valued at $41,000 after purchasing an additional 147 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in SiTime during the first quarter valued at $50,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

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.