Insider Selling: SiTime (NASDAQ:SITM) Director Sells $745,000.00 in Stock

SiTime Corporation (NASDAQ:SITM) Director Edward Frank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the transaction, the director owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SiTime Stock Performance

Shares of NASDAQ SITM opened at $614.83 on Friday. The stock has a market cap of $18.49 billion, a PE ratio of 1,254.76 and a beta of 2.94. SiTime Corporation has a 1 year low of $221.52 and a 1 year high of $901.81. The firm has a fifty day moving average price of $633.50 and a 200-day moving average price of $550.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SITM shares. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. UBS Group lifted their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Benchmark assumed coverage on SiTime in a report on Wednesday. They issued a “buy” rating and a $850.00 price target on the stock. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SiTime presently has an average rating of “Buy” and a consensus target price of $706.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock valued at $997,904,000 after purchasing an additional 61,336 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of SiTime in the second quarter worth about $1,781,937,000. Invesco Ltd. boosted its stake in SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after buying an additional 18,165 shares during the last quarter. State Street Corp grew its holdings in SiTime by 3.7% during the 2nd quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after buying an additional 32,178 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in SiTime by 22.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after buying an additional 132,948 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.