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

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 363 shares of the company’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 transaction, the insider now directly owns 104,322 shares in the company, valued at $22,559,632.50. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a legal 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 shares were 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 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 stock was sold at an average price of $140.00, for a total transaction of $140,420.00.

SiTime Trading Down 2.3 %

SITM opened at $204.85 on Friday. The business’s 50-day moving average is $187.01 and its two-hundred day moving average is $152.31. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $228.12.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.40 EPS 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 analyst estimates of $55.10 million. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. SiTime’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.81) EPS. As a group, research analysts anticipate that SiTime Co. will post -2.98 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of SiTime

Institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in SiTime by 1.1% in the third quarter. FMR LLC now owns 3,469,843 shares of the company’s stock valued at $595,113,000 after buying an additional 39,119 shares during the last quarter. Vanguard Group Inc. raised its position in shares of SiTime by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,203,286 shares of the company’s stock valued at $205,412,000 after purchasing an additional 85,800 shares during the last quarter. State Street Corp boosted its stake in SiTime by 3.1% in the 3rd quarter. State Street Corp now owns 922,974 shares of the company’s stock worth $158,299,000 after purchasing an additional 27,692 shares in the last quarter. Principal Financial Group Inc. grew its position in SiTime by 15.4% during the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock worth $76,996,000 after purchasing an additional 59,931 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in SiTime by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 440,922 shares of the company’s stock valued at $75,637,000 after purchasing an additional 15,759 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.