SiTime Co. (NASDAQ:SITM – Get Free Report) CEO Rajesh Vashist sold 20,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $170.07, for a total value of $3,401,400.00. Following the completion of the transaction, the chief executive officer now directly owns 424,417 shares in the company, valued at approximately $72,180,599.19. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
SiTime Price Performance
Shares of NASDAQ:SITM opened at $163.57 on Friday. The firm has a market capitalization of $3.78 billion, a PE ratio of -39.61 and a beta of 1.82. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $170.71. The firm’s 50-day moving average is $140.48 and its two-hundred day moving average is $118.86.
SiTime (NASDAQ:SITM – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.08. SiTime had a negative net margin of 60.46% and a negative return on equity of 10.53%. The firm had revenue of $43.90 million for the quarter, compared to the consensus estimate of $41.01 million. During the same period in the prior year, the firm earned ($1.17) EPS. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. Analysts expect that SiTime Co. will post -3.03 EPS for the current fiscal year.
Institutional Trading of SiTime
Analysts Set New Price Targets
A number of research analysts have commented on SITM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of SiTime in a research report on Tuesday, June 25th. Barclays downgraded shares of SiTime from an “equal weight” rating to an “underweight” rating and set a $90.00 price target on the stock. in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus increased their price objective on shares of SiTime from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th.
Check Out Our Latest Stock Report on SiTime
About SiTime
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.
Recommended Stories
- Five stocks we like better than SiTime
- Stock Market Upgrades: What Are They?
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- What Are Dividends? Buy the Best Dividend Stocks
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for SiTime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiTime and related companies with MarketBeat.com's FREE daily email newsletter.