SiTime (NASDAQ:SITM) Insider Sells 1,374 Shares of Company Stock

SiTime Corporation (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,374 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $701.05, for a total transaction of $963,242.70. Following the sale, the insider directly owned 66,861 shares of the company’s stock, valued at $46,872,904.05. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiTime Stock Up 0.1%

Shares of NASDAQ:SITM traded up $1.02 during midday trading on Tuesday, reaching $711.06. The company had a trading volume of 248,626 shares, compared to its average volume of 472,191. The stock has a market capitalization of $21.38 billion, a P/E ratio of 1,451.14 and a beta of 2.88. The stock’s fifty day moving average price is $615.25 and its 200-day moving average price is $600.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. SiTime Corporation has a one year low of $243.68 and a one year high of $901.81.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million for 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%. The firm’s revenue was up 126.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities research analysts expect that SiTime Corporation will post 6.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SITM has been the topic of several research analyst reports. UBS Group increased their price target on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seaport Research Partners assumed coverage on SiTime in a report on Tuesday, September 22nd. They issued a “neutral” rating for the company. Needham & Company LLC increased their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Morgan Stanley assumed coverage on SiTime in a research report on Thursday, September 17th. They issued an “overweight” rating and a $370.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, SiTime has a consensus rating of “Buy” and a consensus price target of $717.78.

Hedge Funds Weigh In On SiTime

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in SiTime in the second quarter valued at approximately $48,000. Parallel Advisors LLC grew its holdings in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of SiTime during the 2nd quarter worth approximately $57,000. Quantbot Technologies LP acquired a new stake in shares of SiTime during the 2nd quarter worth approximately $63,000. Finally, Allworth Financial LP bought a new stake in shares of SiTime in the 2nd quarter worth approximately $67,000. Institutional investors own 84.31% of the company’s stock.

About SiTime

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.