SiTime - SITM Stock Forecast, Price & News

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense. The company sells its timing products through distributors and resellers. SiTime Corporation was incorporated in 2003 and is headquartered in Santa Clara, California.

Analyst Ratings Changes

Several research firms have recently issued reports on SITM. Barclays decreased their price objective on SiTime from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, August 4th. Raymond James reduced their target price on SiTime from $320.00 to $240.00 and set an "outperform" rating on the stock in a report on Thursday, August 4th. Needham & Company LLC reduced their target price on SiTime from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. Finally, TheStreet cut SiTime from a "c-" rating to a "d" rating in a report on Wednesday, April 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SiTime has an average rating of "Buy" and an average target price of $246.00.

SiTime Stock Performance

Shares of NASDAQ:SITM traded down $5.69 during midday trading on Wednesday, reaching $125.24. 418,063 shares of the company's stock were exchanged, compared to its average volume of 255,237. SiTime has a 52-week low of $122.04 and a 52-week high of $341.77. The stock has a market capitalization of $2.67 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 6.49 and a beta of 1.61. The business's fifty day moving average price is $164.91 and its two-hundred day moving average price is $188.80.

Insider Buying and Selling

In related news, Director Akira Takata sold 2,000 shares of SiTime stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $135.62, for a total value of $271,240.00. Following the completion of the transaction, the director now directly owns 11,353 shares in the company, valued at $1,539,693.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lionel Bonnot sold 1,158 shares of the business's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $230.00, for a total transaction of $266,340.00. Following the completion of the transaction, the insider now directly owns 108,365 shares in the company, valued at $24,923,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Akira Takata sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $135.62, for a total value of $271,240.00. Following the transaction, the director now owns 11,353 shares of the company's stock, valued at $1,539,693.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,164 shares of company stock worth $3,088,078. Corporate insiders own 1.16% of the company's stock.