SiTime Co. (NASDAQ:SITM) Insider Sells $78,498.75 in Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 363 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $216.25, for a total transaction of $78,498.75. Following the transaction, the insider now directly owns 104,322 shares of the company’s stock, valued at $22,559,632.50. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fariborz Assaderaghi also recently made the following trade(s):

• On Tuesday, November 19th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The stock was sold at an average price of $210.16, for a total transaction of $210,160.00.
• On Tuesday, October 1st, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The shares were sold at an average price of $165.13, for a total transaction of $165,625.39.
• On Wednesday, September 11th, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The shares were sold at an average price of $140.00, for a total value of $140,420.00.

SiTime Stock Down 2.3 %

SITM opened at $204.85 on Friday. The firm’s fifty day simple moving average is $187.01 and its two-hundred day simple moving average is $152.31. SiTime Co. has a 52-week low of $72.39 and a 52-week high of $228.12.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $55.10 million. During the same period last year, the company posted ($0.81) EPS. SiTime’s quarterly revenue was up 62.4% compared to the same quarter last year. Equities research analysts expect that SiTime Co. will post -2.98 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on SITM shares. Roth Mkm boosted their price target on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of SiTime from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of SiTime from $90.00 to $130.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, Needham & Company LLC raised their target price on SiTime from $140.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Institutional Trading of SiTime

Several large investors have recently made changes to their positions in the company. FMR LLC boosted its stake in SiTime by 1.1% during the 3rd quarter. FMR LLC now owns 3,469,843 shares of the company’s stock worth $595,113,000 after purchasing an additional 39,119 shares during the last quarter. Vanguard Group Inc. boosted its position in SiTime by 4.1% during the first quarter. Vanguard Group Inc. now owns 2,203,286 shares of the company’s stock worth $205,412,000 after acquiring an additional 85,800 shares during the last quarter. State Street Corp grew its stake in SiTime by 3.1% during the 3rd quarter. State Street Corp now owns 922,974 shares of the company’s stock valued at $158,299,000 after acquiring an additional 27,692 shares in the last quarter. Principal Financial Group Inc. raised its holdings in SiTime by 15.4% in the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock valued at $76,996,000 after acquiring an additional 59,931 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in SiTime by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 440,922 shares of the company’s stock worth $75,637,000 after purchasing an additional 15,759 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

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.