SiTime Co. (NASDAQ:SITM – Get Free Report) insider Piyush B. Sevalia offered 807 shares of the enterprise’s inventory in a transaction on Wednesday, September 18th. The inventory was offered at a median worth of $160.00, for a complete transaction of $129,120.00. Following the transaction, the insider now straight owns 87,534 shares within the firm, valued at roughly $14,005,440. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable at the SEC web site.
SiTime Inventory Efficiency
Shares of NASDAQ:SITM traded up $11.04 throughout noon buying and selling on Thursday, reaching $167.91. 313,188 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 211,125. The corporate’s 50 day easy transferring common is $140.28 and its two-hundred day easy transferring common is $118.38. SiTime Co. has a 12 month low of $72.39 and a 12 month excessive of $170.71. The agency has a market capitalization of $3.88 billion, a PE ratio of -40.66 and a beta of 1.82.
SiTime (NASDAQ:SITM – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August seventh. The corporate reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. SiTime had a unfavourable web margin of 60.46% and a unfavourable return on fairness of 10.53%. The agency had income of $43.90 million throughout the quarter, in comparison with analysts’ expectations of $41.01 million. Throughout the identical quarter final 12 months, the corporate earned ($1.17) earnings per share. The corporate’s income for the quarter was up 58.5% in comparison with the identical quarter final 12 months. On common, analysis analysts anticipate that SiTime Co. will put up -3.03 earnings per share for the present 12 months.
Wall Avenue Analysts Forecast Development
A number of analysis analysts have not too long ago issued experiences on the inventory. Barclays downgraded shares of SiTime from an “equal weight” score to an “underweight” score and set a $90.00 worth goal on the inventory. in a report on Tuesday, August twenty seventh. Stifel Nicolaus boosted their worth goal on SiTime from $150.00 to $175.00 and gave the corporate a “purchase” score in a analysis be aware on Thursday, July 18th. Lastly, Needham & Firm LLC reiterated a “purchase” score and issued a $130.00 worth goal on shares of SiTime in a analysis report on Tuesday, June twenty fifth.
Verify Out Our Newest Analysis Report on SITM
Hedge Funds Weigh In On SiTime
A number of hedge funds and different institutional traders have not too long ago modified their holdings of the inventory. Algert World LLC acquired a brand new place in SiTime throughout the second quarter value $2,380,000. Driehaus Capital Administration LLC purchased a brand new stake in shares of SiTime within the 2nd quarter value about $16,831,000. The Producers Life Insurance coverage Firm elevated its place in shares of SiTime by 9.7% throughout the 2nd quarter. The Producers Life Insurance coverage Firm now owns 10,200 shares of the corporate’s inventory value $1,269,000 after buying an extra 898 shares within the final quarter. Deerfield Administration Firm L.P. Sequence C purchased a brand new place in SiTime throughout the 2nd quarter valued at about $819,000. Lastly, Marshall Wace LLP boosted its place in SiTime by 381.4% within the second quarter. Marshall Wace LLP now owns 60,650 shares of the corporate’s inventory valued at $7,544,000 after shopping for an extra 48,051 shares within the final quarter. Institutional traders personal 84.31% of the corporate’s inventory.
About SiTime
SiTime Company designs, develops, and sells silicon timing methods options in Taiwan, Hong Kong, the US, Singapore, and internationally. The corporate offers resonators and clock built-in circuits, and varied forms of oscillators. It serves varied markets, together with communications, datacenter, enterprise, automotive, industrial, web of issues, cellular, shopper, and aerospace and protection.
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