Insider Selling: SiTime (NASDAQ:SITM) Director Sells $757,753.50 in Stock

SiTime Corporation (NASDAQ:SITM) Director Torsten Kreindl sold 1,050 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director owned 12,481 shares in the company, valued at $9,007,163.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Torsten Kreindl also recently made the following trade(s):

• On Thursday, May 21st, Torsten Kreindl sold 710 shares of SiTime stock. The stock was sold at an average price of $720.00, for a total value of $511,200.00.

SiTime Stock Performance

NASDAQ:SITM opened at $680.52 on Thursday. The stock has a 50-day moving average price of $635.71 and a 200 day moving average price of $536.59. The stock has a market capitalization of $20.46 billion, a P/E ratio of 1,388.82 and a beta of 2.94. SiTime Corporation has a 12-month low of $204.60 and a 12-month high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities research analysts forecast that SiTime Corporation will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in SiTime by 12.5% during the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock worth $675,000 after acquiring an additional 491 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of SiTime by 33.6% in the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after purchasing an additional 8,136 shares during the period. Intech Investment Management LLC increased its position in shares of SiTime by 21.6% during the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,477 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of SiTime during the 2nd quarter valued at approximately $240,000. Institutional investors own 84.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research report on Friday, July 17th. Needham & Company LLC increased their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research cut SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $688.75.

About SiTime

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.