SiTime (NASDAQ:SITM) Insider Sells $963,242.70 in Stock

SiTime Corporation (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the sale, the insider owned 66,861 shares of the company’s stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiTime Trading Up 0.1%

Shares of SITM stock traded up $1.02 during trading hours on Tuesday, hitting $711.06. 248,626 shares of the company were exchanged, compared to its average volume of 472,191. The firm has a fifty day moving average of $615.25 and a 200 day moving average of $600.62. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. SiTime Corporation has a 1 year low of $243.68 and a 1 year high of $901.81. The firm has a market cap of $21.38 billion, a PE ratio of 1,451.14 and a beta of 2.88.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s revenue was up 126.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts expect that SiTime Corporation will post 6.37 earnings per share for the current year.

Institutional Investors Weigh In On SiTime

A number of large investors have recently modified their holdings of the stock. Tidal Investments LLC grew its stake in shares of SiTime by 231.3% during the second quarter. Tidal Investments LLC now owns 7,762 shares of the company’s stock valued at $5,787,000 after acquiring an additional 5,419 shares in the last quarter. Tairen Capital Ltd acquired a new position in shares of SiTime in the second quarter worth about $9,320,000. Stephens Investment Management Group LLC purchased a new position in SiTime in the first quarter valued at about $24,135,000. Rockefeller Capital Management L.P. boosted its holdings in SiTime by 1,368.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in SiTime by 13.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after purchasing an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SITM. Morgan Stanley began coverage on SiTime in a research report on Thursday, September 17th. They issued an “overweight” rating and a $370.00 target price on the stock. Seaport Research Partners assumed coverage on SiTime in a research note on Tuesday, September 22nd. They set a “neutral” rating for the company. Benchmark assumed coverage on SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Finally, Weiss Ratings cut SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SiTime presently has an average rating of “Buy” and an average target price of $717.78.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.