SiTime (NASDAQ:SITM) Director Edward Frank Sells 1,000 Shares

SiTime Corporation (NASDAQ:SITM) Director Edward Frank sold 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director directly owned 10,999 shares in the company, valued at $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

SiTime Trading Down 9.0%

NASDAQ:SITM opened at $618.71 on Thursday. The business’s 50-day moving average is $638.25 and its two-hundred day moving average is $548.38. The firm has a market capitalization of $18.60 billion, a PE ratio of 1,262.67 and a beta of 2.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. SiTime Corporation has a 12 month low of $204.60 and a 12 month high of $901.81.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts predict that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SITM. Needham & Company LLC increased their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Benchmark assumed coverage on shares of SiTime in a research report on Wednesday. They set a “buy” rating for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Finally, UBS Group lifted their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $688.75.

Institutional Trading of SiTime

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its stake in SiTime by 188.5% in the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 49 shares during the period. Parallel Advisors LLC lifted its holdings in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. USA Financial Formulas acquired a new position in SiTime in the first quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in SiTime in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

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.