Toth Financial Advisory Corp Has $844,000 Position in SiTime Corporation $SITM

Toth Financial Advisory Corp boosted its stake in shares of SiTime Corporation (NASDAQ:SITM) by 100.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,800 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Toth Financial Advisory Corp’s holdings in SiTime were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SITM. Game Plan Financial Advisors LLC bought a new stake in shares of SiTime during the 2nd quarter worth $25,000. Advisors Asset Management Inc. lifted its position in SiTime by 33.6% during the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock worth $54,000 after acquiring an additional 88 shares during the last quarter. State of Wyoming bought a new stake in SiTime during the second quarter valued at about $58,000. Smartleaf Asset Management LLC boosted its holdings in SiTime by 35.6% during the second quarter. Smartleaf Asset Management LLC now owns 385 shares of the company’s stock valued at $82,000 after acquiring an additional 101 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of SiTime by 183.0% in the second quarter. Nisa Investment Advisors LLC now owns 600 shares of the company’s stock valued at $128,000 after purchasing an additional 388 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

Insider Buying and Selling at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,500 shares of SiTime stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $291.58, for a total transaction of $437,370.00. Following the sale, the insider directly owned 84,815 shares of the company’s stock, valued at approximately $24,730,357.70. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth A. Howe sold 5,099 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $319.00, for a total value of $1,626,581.00. Following the completion of the transaction, the executive vice president directly owned 59,070 shares of the company’s stock, valued at approximately $18,843,330. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,500 shares of company stock worth $8,555,310. Insiders own 2.10% of the company’s stock.

SiTime Trading Up 2.2%

SITM opened at $366.61 on Friday. The stock’s 50 day simple moving average is $305.99 and its 200-day simple moving average is $259.61. The stock has a market cap of $9.57 billion, a PE ratio of -123.85 and a beta of 2.55. SiTime Corporation has a 1 year low of $105.40 and a 1 year high of $387.52.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The firm had revenue of $83.57 million for the quarter, compared to the consensus estimate of $78.08 million. SiTime had a negative net margin of 25.18% and a negative return on equity of 5.69%. The business’s revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. Equities analysts forecast that SiTime Corporation will post -2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SITM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research report on Wednesday, October 8th. Loop Capital assumed coverage on SiTime in a report on Friday, November 21st. They set a “buy” rating and a $350.00 price target for the company. Stifel Nicolaus set a $360.00 price objective on shares of SiTime in a research note on Thursday, November 6th. UBS Group boosted their target price on shares of SiTime from $355.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Raymond James Financial reissued an “outperform” rating on shares of SiTime in a report on Tuesday, December 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $343.13.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.