SiTime (NASDAQ:SITM) CEO Rajesh Vashist Sells 12,000 Shares

SiTime Corporation (NASDAQ:SITM) CEO Rajesh Vashist sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $603.47, for a total value of $7,241,640.00. Following the completion of the sale, the chief executive officer directly owned 345,544 shares of the company’s stock, valued at approximately $208,525,437.68. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rajesh Vashist also recently made the following trade(s):

• On Monday, June 15th, Rajesh Vashist sold 5,000 shares of SiTime stock. The shares were sold at an average price of $750.00, for a total transaction of $3,750,000.00.
• On Monday, June 15th, Rajesh Vashist sold 15,000 shares of SiTime stock. The stock was sold at an average price of $750.20, for a total value of $11,253,000.00.

SiTime Stock Up 2.1%

SITM opened at $602.27 on Friday. SiTime Corporation has a fifty-two week low of $243.68 and a fifty-two week high of $901.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The stock has a fifty day moving average of $601.16 and a 200-day moving average of $569.47. The company has a market capitalization of $18.11 billion, a P/E ratio of 1,229.12 and a beta of 2.86.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.SiTime’s quarterly revenue was up 126.5% on a year-over-year basis. 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. On average, equities analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SITM. Weiss Ratings upgraded SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $761.25.

Institutional Trading of SiTime

A number of institutional investors have recently modified their holdings of SITM. Sequoia Financial Advisors LLC bought a new position in shares of SiTime in the 2nd quarter worth approximately $262,000. Tidal Investments LLC increased its stake in shares of SiTime by 231.3% during the second quarter. Tidal Investments LLC now owns 7,762 shares of the company’s stock valued at $5,787,000 after purchasing an additional 5,419 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of SiTime by 8.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 919 shares of the company’s stock valued at $685,000 after purchasing an additional 74 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SiTime in the 2nd quarter worth approximately $146,000. Finally, NewEdge Advisors LLC boosted its position in shares of SiTime by 1,282.9% in the 2nd quarter. NewEdge Advisors LLC now owns 484 shares of the company’s stock worth $361,000 after purchasing an additional 449 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

About SiTime

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.