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

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

SiTime Price Performance

NASDAQ SITM opened at $598.81 on Friday. The company has a 50-day moving average price of $635.80 and a 200-day moving average price of $550.04. SiTime Corporation has a 52 week low of $217.64 and a 52 week high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $18.01 billion, a P/E ratio of 1,222.06 and a beta of 2.94.

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, topping 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 the consensus estimate of $146.46 million. During the same quarter last year, the firm posted $0.47 earnings per share. 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 anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SITM shares. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. UBS Group boosted their price objective on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Roth Capital restated a “buy” rating and set a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. Finally, Benchmark initiated coverage on shares of SiTime in a research report on Wednesday. They issued a “buy” rating and a $850.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $706.67.

Institutional Trading of SiTime

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in SiTime by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after purchasing an additional 61,336 shares during the period. BlackRock Inc. purchased a new position in shares of SiTime in the second quarter worth $1,781,937,000. Invesco Ltd. boosted its position in shares of SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after acquiring an additional 18,165 shares during the last quarter. State Street Corp boosted its position in shares of SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after acquiring an additional 32,178 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after acquiring an additional 132,948 shares in the last quarter. Institutional investors 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.