Fariborz Assaderaghi Sells 363 Shares of SiTime Co. (NASDAQ:SITM) Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 363 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $216.25, for a total value of $78,498.75. Following the completion of the sale, the insider now directly owns 104,322 shares in the company, valued at approximately $22,559,632.50. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 19th, Fariborz Assaderaghi sold 1,000 shares of SiTime stock. The stock was sold at an average price of $210.16, for a total transaction of $210,160.00.
• On Tuesday, October 1st, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The shares were 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 transaction of $140,420.00.

SiTime Stock Down 2.3 %

SITM stock opened at $204.85 on Thursday. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $228.12. The company has a market cap of $4.79 billion, a P/E ratio of -49.48 and a beta of 1.83. The business has a fifty day moving average of $186.27 and a 200-day moving average of $151.95.

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

Hedge Funds Weigh In On SiTime

Several large investors have recently bought and sold shares of SITM. Signaturefd LLC grew its holdings in SiTime by 67.4% during the 3rd quarter. Signaturefd LLC now owns 149 shares of the company’s stock worth $26,000 after acquiring an additional 60 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of SiTime by 59.5% during the second 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 period. GAMMA Investing LLC grew its stake in shares of SiTime by 281.0% during the second quarter. GAMMA Investing LLC now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 281 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SiTime in the second quarter valued at about $49,000. Finally, Bessemer Group Inc. lifted its stake in SiTime by 70.1% in the first quarter. Bessemer Group Inc. now owns 1,213 shares of the company’s stock valued at $113,000 after buying an additional 500 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.