SiTime (NASDAQ:SITM) Insider Sells $963,242.70 in Stock

SiTime Corporation (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the sale, the insider directly owned 66,861 shares of the company’s stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiTime Price Performance

Shares of NASDAQ SITM opened at $645.06 on Friday. SiTime Corporation has a 52 week low of $243.68 and a 52 week high of $901.81. The business’s 50 day moving average price is $626.05 and its 200 day moving average price is $607.63. 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 cap of $19.40 billion, a P/E ratio of 1,316.45 and a beta of 2.88.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $146.46 million. During the same period last year, the firm posted $0.47 EPS. SiTime’s revenue for the quarter was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts expect that SiTime Corporation will post 6.37 earnings per share for the current year.

Institutional Trading of SiTime

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in SiTime in the second quarter valued at $1,781,937,000. Bank of New York Mellon Corp raised its position in shares of SiTime by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company’s stock worth $128,796,000 after acquiring an additional 18,983 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of SiTime by 13.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 249,714 shares of the company’s stock worth $88,196,000 after acquiring an additional 30,464 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of SiTime by 53.7% during the 1st quarter. Bank of America Corp DE now owns 151,021 shares of the company’s stock worth $52,155,000 after acquiring an additional 52,754 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC grew its position in shares of SiTime by 4,231.9% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 123,958 shares of the company’s stock valued at $43,781,000 after acquiring an additional 126,958 shares during the period. 84.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SITM. Seaport Research Partners began coverage on shares of SiTime in a research report on Tuesday, September 22nd. They set a “neutral” rating for the company. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. 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. Benchmark started coverage on SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective for the company. Finally, Weiss Ratings downgraded SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $717.78.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

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

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.