SiTime Co. (NASDAQ:SITM) Insider Fariborz Assaderaghi Sells 1,000 Shares

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.16, for a total transaction of $210,160.00. Following the completion of the sale, the insider now directly owns 108,574 shares of the company’s stock, valued at $22,817,911.84. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, October 1st, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The stock was sold at an average price of $165.13, for a total transaction of $165,625.39.
• On Wednesday, September 11th, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The shares were sold at an average price of $140.00, for a total value of $140,420.00.
• On Wednesday, August 28th, Fariborz Assaderaghi sold 1,083 shares of SiTime stock. The stock was sold at an average price of $139.05, for a total value of $150,591.15.

SiTime Trading Up 0.3 %

NASDAQ SITM opened at $211.08 on Friday. The company has a market cap of $4.93 billion, a P/E ratio of -50.99 and a beta of 1.83. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $228.12. The company has a fifty day simple moving average of $182.84 and a 200 day simple moving average of $149.58.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.14. SiTime had a negative return on equity of 9.89% and a negative net margin of 53.55%. The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $55.10 million. During the same period last year, the business posted ($0.81) earnings per share. The firm’s revenue was up 62.4% compared to the same quarter last year. Equities research analysts forecast that SiTime Co. will post -2.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of SiTime by 67.4% in the third quarter. Signaturefd LLC now owns 149 shares of the company’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. Nisa Investment Advisors LLC grew its position in SiTime by 59.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 236 shares of the company’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. GAMMA Investing LLC grew its position in SiTime by 281.0% in the 2nd quarter. GAMMA Investing LLC now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 281 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of SiTime during the 2nd quarter worth about $49,000. Finally, Van ECK Associates Corp acquired a new position in shares of SiTime during the third quarter valued at about $123,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price objective on SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of SiTime from $90.00 to $130.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of SiTime from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Roth Mkm raised their target price on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

About SiTime

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.