SiTime Co. (NASDAQ:SITM) Director Katherine Schuelke Sells 3,000 Shares

SiTime Co. (NASDAQ:SITMGet Rating) Director Katherine Schuelke sold 3,000 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $98.89, for a total transaction of $296,670.00. Following the sale, the director now owns 17,916 shares in the company, valued at $1,771,713.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

SiTime Trading Down 1.0 %

NASDAQ:SITM opened at $101.53 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 6.52 and a beta of 1.90. The company’s 50-day moving average is $88.20 and its two-hundred day moving average is $134.56. SiTime Co. has a 12-month low of $73.10 and a 12-month high of $341.77.

SiTime (NASDAQ:SITMGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.03 million. SiTime had a net margin of 14.95% and a return on equity of 6.71%. On average, equities research analysts forecast that SiTime Co. will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of SiTime by 517.6% during the 3rd quarter. CWM LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 264 shares during the last quarter. Cutler Group LLC CA increased its stake in shares of SiTime by 172.4% during the 3rd quarter. Cutler Group LLC CA now owns 362 shares of the company’s stock valued at $28,000 after acquiring an additional 862 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of SiTime during the 1st quarter valued at about $41,000. Amundi acquired a new position in shares of SiTime during the 2nd quarter valued at about $47,000. Finally, FourThought Financial LLC increased its stake in shares of SiTime by 34.3% during the 3rd quarter. FourThought Financial LLC now owns 658 shares of the company’s stock valued at $52,000 after acquiring an additional 168 shares during the last quarter. 72.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SITM has been the topic of several recent research reports. Needham & Company LLC decreased their price objective on shares of SiTime from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. TheStreet upgraded shares of SiTime from a “d+” rating to a “c” rating in a research report on Monday. Barclays decreased their price objective on shares of SiTime from $130.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. Raymond James decreased their price objective on shares of SiTime from $240.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Finally, Credit Suisse Group initiated coverage on shares of SiTime in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $135.00 price objective on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SiTime currently has an average rating of “Buy” and an average target price of $116.50.

SiTime Company Profile

(Get Rating)

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.

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Insider Buying and Selling by Quarter for SiTime (NASDAQ:SITM)

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