SiTime (SITM) Set to Announce Earnings on Wednesday

SiTime (NASDAQ:SITM) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Persons interested in participating in the company’s conference call can do so using this link.

SiTime (NASDAQ:SITM) last announced its earnings results on Tuesday, February 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.01). The business had revenue of $42.40 million during the quarter, compared to the consensus estimate of $41.65 million. SiTime had a negative return on equity of 10.21% and a negative net margin of 55.93%. On average, analysts expect SiTime to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

SiTime Trading Up 2.2 %

Shares of SITM opened at $92.25 on Monday. SiTime has a 12-month low of $72.39 and a 12-month high of $141.99. The company has a market cap of $2.11 billion, a PE ratio of -25.41 and a beta of 1.78. The stock has a 50-day moving average price of $87.90 and a 200-day moving average price of $104.41.

Insider Activity at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,288 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $90.57, for a total value of $116,654.16. Following the completion of the sale, the insider now owns 111,491 shares of the company’s stock, valued at $10,097,739.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 3,602 shares of company stock valued at $319,899. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays boosted their price target on shares of SiTime from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

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.