SiTime Co. (NASDAQ:SITM – Get 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:SITM – Get 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
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
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.
- Get a free copy of the StockNews.com research report on SiTime (SITM)
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