SiTime (NASDAQ:SITM) Director Edward Frank Sells 1,000 Shares of Stock

Key Points

• Director Edward Frank sold 1,000 SiTime shares at an average price of $745, generating $745,000 and reducing his ownership by 8.33% to 10,999 shares.
• SiTime shares fell 9.0% to $618.71, while the stock remains highly valued with a market capitalization of $18.6 billion and a price-to-earnings ratio above 1,260.
• The company reported strong quarterly results, including $2.34 in EPS versus $1.95 expected and 126.5% year-over-year revenue growth; analysts maintain a “Moderate Buy” consensus with a $688.75 price target.

SiTime Corporation (NASDAQ:SITM - Get Free Report) Director Edward Frank sold 1,000 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the sale, the director owned 10,999 shares of the company's stock, valued at $8,194,255. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

SiTime Stock Down 9.0%

Shares of SITM traded down $61.35 during trading hours on Wednesday, reaching $618.71. The company's stock had a trading volume of 517,230 shares, compared to its average volume of 485,670. The company has a 50 day moving average of $639.16 and a two-hundred day moving average of $546.60. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 1,262.67 and a beta of 2.94. SiTime Corporation has a 1-year low of $204.60 and a 1-year high of $901.81.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm's revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SITM has been the subject of a number of recent research reports. Barclays raised SiTime from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Roth Capital reissued a "buy" rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday, May 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Benchmark began coverage on shares of SiTime in a research report on Wednesday. They issued a "buy" rating for the company. Finally, Zacks Research upgraded shares of SiTime from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, SiTime currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.75.

Institutional Investors Weigh In On SiTime

Several institutional investors and hedge funds have recently added to or reduced their stakes in SITM. Rakuten Securities Inc. grew its holdings in SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC boosted its holdings in SiTime by 26.2% during 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 during the period. Larson Financial Group LLC grew its position in shares of SiTime by 3,200.0% in the third quarter. Larson Financial Group LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. USA Financial Formulas bought a new position in SiTime in the 1st quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in SiTime during the 4th quarter valued at $33,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

About SiTime

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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