Insider Selling: SiTime Co. (NASDAQ:SITM) Insider Sells 1,003 Shares of Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the transaction, the insider now directly owns 99,678 shares in the company, valued at $20,376,176.76. The trade was a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Fariborz Assaderaghi also recently made the following trade(s):

• On Thursday, January 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The shares were sold at an average price of $220.94, for a total value of $221,381.88.
• On Tuesday, December 10th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $249.42, for a total value of $249,420.00.
• On Monday, December 2nd, Fariborz Assaderaghi sold 1,002 shares of SiTime stock. The stock was sold at an average price of $216.85, for a total value of $217,283.70.
• On Monday, November 25th, Fariborz Assaderaghi sold 363 shares of SiTime stock. The shares were sold at an average price of $216.25, for a total transaction of $78,498.75.
• On Tuesday, November 19th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The shares were sold at an average price of $210.16, for a total transaction of $210,160.00.

SiTime Trading Up 3.9 %

Shares of SiTime stock traded up $8.38 on Wednesday, reaching $222.99. 423,774 shares of the company were exchanged, compared to its average volume of 220,086. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of -53.86 and a beta of 1.80. The stock has a fifty day moving average price of $228.20 and a 200-day moving average price of $186.20.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($1.01). SiTime had a negative return on equity of 9.89% and a negative net margin of 53.55%. On average, equities analysts anticipate that SiTime Co. will post -2.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their target price on shares of SiTime from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays boosted their price objective on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Needham & Company LLC raised their target price on SiTime from $140.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Roth Mkm upped their price objective on shares of SiTime from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On SiTime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in SiTime by 67.4% during the 3rd quarter. Signaturefd LLC now owns 149 shares of the company’s stock valued at $26,000 after purchasing an additional 60 shares during the period. Blue Trust Inc. raised its position in SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after buying an additional 67 shares during the period. Smartleaf Asset Management LLC lifted its stake in SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $60,000 after acquiring an additional 206 shares in the last quarter. Van ECK Associates Corp acquired a new stake in SiTime during the 3rd quarter worth about $123,000. Finally, GAMMA Investing LLC grew its stake in SiTime by 95.0% during the 3rd quarter. GAMMA Investing LLC now owns 743 shares of the company’s stock valued at $127,000 after acquiring an additional 362 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Company Profile

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense.