SiTime Co. (NASDAQ:SITM) Insider Sells $205,033.26 in Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,003 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $204.42, for a total value of $205,033.26. Following the completion of the sale, the insider now directly owns 99,678 shares of the company’s stock, valued at $20,376,176.76. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The stock was sold at an average price of $220.94, for a total value of $221,381.88.
• On Tuesday, December 10th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $249.42, for a total value of $249,420.00.
• On Monday, December 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The shares were sold at an average price of $216.85, for a total transaction of $217,283.70.
• On Monday, November 25th, Fariborz Assaderaghi sold 363 shares of SiTime stock. The shares were sold at an average price of $216.25, for a total value of $78,498.75.
• On Tuesday, November 19th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $210.16, for a total transaction of $210,160.00.

SiTime Stock Up 3.9 %

Shares of NASDAQ:SITM traded up $8.38 during midday trading on Wednesday, reaching $222.99. The company’s stock had a trading volume of 423,774 shares, compared to its average volume of 220,086. The business has a 50 day moving average price of $228.20 and a 200 day moving average price of $186.20. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $268.18. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of -53.86 and a beta of 1.80.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, February 5th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($1.01). SiTime had a negative return on equity of 9.89% and a negative net margin of 53.55%. Sell-side analysts anticipate that SiTime Co. will post -2.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiTime

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its position in SiTime by 67.4% in the third quarter. Signaturefd LLC now owns 149 shares of the company’s stock valued at $26,000 after purchasing an additional 60 shares during the period. Blue Trust Inc. raised its holdings in shares of SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after buying an additional 67 shares during the period. Smartleaf Asset Management LLC lifted its position in SiTime by 278.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $60,000 after acquiring an additional 206 shares in the last quarter. Van ECK Associates Corp purchased a new position in SiTime in the 3rd quarter worth approximately $123,000. Finally, GAMMA Investing LLC boosted its holdings in SiTime by 95.0% in the 3rd quarter. GAMMA Investing LLC now owns 743 shares of the company’s stock worth $127,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Analyst Upgrades and Downgrades

SITM has been the topic of a number of analyst reports. Roth Mkm lifted their price objective on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of SiTime from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC lifted their price target on SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research note on Friday, January 17th.

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.