SiTime Co. (NASDAQ:SITM – Get Free Report) CEO Rajesh Vashist sold 20,000 shares of the firm’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 sale, 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 document filed with the SEC, which is accessible through this link.
SiTime Stock Up 7.0 %
Shares of NASDAQ:SITM opened at $167.91 on Friday. The firm has a market cap of $3.88 billion, a P/E ratio of -40.66 and a beta of 1.82. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $170.71. The business has a fifty day simple moving average of $140.28 and a 200 day simple moving average of $118.38.
SiTime (NASDAQ:SITM – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.08. The business had revenue of $43.90 million during the quarter, compared to analyst estimates of $41.01 million. SiTime had a negative return on equity of 10.53% and a negative net margin of 60.46%. SiTime’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same period last year, the company earned ($1.17) EPS. As a group, equities research analysts expect that SiTime Co. will post -3.03 EPS for the current year.
Analyst Ratings Changes
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Institutional Trading of SiTime
Large investors have recently bought and sold shares of the business. Pineridge Advisors LLC acquired a new stake in SiTime during the 4th quarter worth about $25,000. Nisa Investment Advisors LLC grew its stake in shares of SiTime by 59.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 236 shares of the company’s stock valued at $29,000 after buying an additional 88 shares during the period. Quadrant Capital Group LLC grew its stake in shares of SiTime by 78.2% in the 4th quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock valued at $41,000 after buying an additional 147 shares during the period. GAMMA Investing LLC grew its stake in shares of SiTime by 281.0% in the 2nd quarter. GAMMA Investing LLC now owns 381 shares of the company’s stock valued at $47,000 after buying an additional 281 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SiTime in the 2nd quarter valued at about $49,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.
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.
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