SiTime (NASDAQ:SITM) CEO Sells $7,241,640.00 in Stock

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 stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the completion of the transaction, the chief executive officer directly owned 345,544 shares of the company’s stock, valued at approximately $208,525,437.68. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 shares were sold at an average price of $750.20, for a total transaction of $11,253,000.00.

SiTime Stock Performance

Shares of NASDAQ:SITM traded up $12.40 during trading on Thursday, hitting $602.27. 590,200 shares of the company were exchanged, compared to its average volume of 320,427. The company has a market cap of $18.11 billion, a PE ratio of 1,229.12 and a beta of 2.86. The stock has a 50 day moving average of $601.16 and a 200 day moving average of $569.47. SiTime Corporation has a 52-week low of $243.68 and a 52-week high of $901.81. 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 (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm’s quarterly revenue was up 126.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities research analysts predict that SiTime Corporation will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Benchmark started coverage on SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective on the stock. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to 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 hedge funds have recently made changes to their positions in SITM. Global Retirement Partners LLC bought a new position in SiTime in the second quarter valued at $48,000. Parallel Advisors LLC lifted its stake in SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of SiTime in the 2nd quarter worth about $57,000. Quantbot Technologies LP purchased a new position in shares of SiTime in the 2nd quarter worth about $63,000. Finally, Allworth Financial LP bought a new position in shares of SiTime during the 2nd quarter valued at about $67,000. 84.31% of the stock is owned by institutional investors.

SiTime Company Profile

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.