SiTime (NASDAQ:SITM - Get Free Report) had its target price increased by analysts at Stifel Nicolaus from $210.00 to $230.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 3.91% from the stock's previous close.
Separately, Barclays boosted their target price on shares of SiTime from $135.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.00.
Check Out Our Latest Report on SITM
SiTime Stock Performance
Shares of SITM stock traded up $5.95 during trading on Friday, hitting $221.35. The company had a trading volume of 36,893 shares, compared to its average volume of 263,968. The firm has a market capitalization of $5.25 billion, a P/E ratio of -58.01 and a beta of 2.20. The stock's 50-day moving average price is $209.37 and its 200 day moving average price is $188.07. SiTime has a one year low of $105.40 and a one year high of $268.18.
SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.15. SiTime had a negative net margin of 38.60% and a negative return on equity of 9.43%. The business had revenue of $60.31 million for the quarter, compared to analysts' expectations of $54.01 million. During the same period last year, the firm posted ($0.08) earnings per share. The firm's quarterly revenue was up 82.7% compared to the same quarter last year. On average, research analysts anticipate that SiTime will post -2.44 earnings per share for the current fiscal year.
Insider Activity at SiTime
In other news, Director Tom Dang-Hsing Yiu sold 2,115 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $200.00, for a total transaction of $423,000.00. Following the completion of the sale, the director owned 18,500 shares in the company, valued at $3,700,000. The trade was a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 5,112 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $205.53, for a total value of $1,050,669.36. Following the sale, the insider owned 107,204 shares of the company's stock, valued at approximately $22,033,638.12. This represents a 4.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,818 shares of company stock worth $13,171,258. 2.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SITM. GAMMA Investing LLC grew its holdings in shares of SiTime by 80.9% in the first quarter. GAMMA Investing LLC now owns 1,708 shares of the company's stock valued at $261,000 after acquiring an additional 764 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in SiTime by 25.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,788 shares of the company's stock worth $3,172,000 after buying an additional 3,004 shares during the period. Rhumbline Advisers boosted its holdings in SiTime by 0.9% in the 1st quarter. Rhumbline Advisers now owns 51,143 shares of the company's stock worth $7,818,000 after buying an additional 440 shares during the period. Millennium Management LLC boosted its holdings in SiTime by 205.0% in the 4th quarter. Millennium Management LLC now owns 7,344 shares of the company's stock worth $1,576,000 after buying an additional 4,936 shares during the period. Finally, Swiss National Bank boosted its holdings in SiTime by 1.7% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the company's stock valued at $7,809,000 after purchasing an additional 600 shares during the period. Institutional investors own 84.31% of the company's stock.
SiTime Company Profile
(
Get Free Report)
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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