SiTime Co. (NASDAQ:SITM – Get Free Report) CEO Rajesh Vashist sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $125.44, for a total value of $2,508,800.00. Following the completion of the sale, the chief executive officer now directly owns 455,367 shares of the company’s stock, valued at approximately $57,121,236.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Rajesh Vashist also recently made the following trade(s):
- On Monday, June 17th, Rajesh Vashist sold 4,000 shares of SiTime stock. The shares were sold at an average price of $124.17, for a total value of $496,680.00.
SiTime Price Performance
Shares of NASDAQ:SITM opened at $124.50 on Tuesday. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $141.99. The stock’s 50-day moving average is $106.93 and its 200 day moving average is $107.22. The company has a market cap of $2.85 billion, a PE ratio of -30.15 and a beta of 1.83.
Analyst Ratings Changes
Separately, Needham & Company LLC upgraded SiTime from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.00.
Get Our Latest Stock Analysis on SiTime
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of SiTime in the 1st quarter worth approximately $2,144,000. Grandeur Peak Global Advisors LLC grew its stake in shares of SiTime by 34.7% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 95,281 shares of the company’s stock worth $8,883,000 after buying an additional 24,542 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of SiTime in the 1st quarter worth approximately $346,000. Kennedy Capital Management LLC grew its stake in shares of SiTime by 5.5% in the 1st quarter. Kennedy Capital Management LLC now owns 39,184 shares of the company’s stock worth $3,653,000 after buying an additional 2,051 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of SiTime in the 1st quarter worth approximately $243,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.
SiTime Company Profile
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.
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