SiTime Co. (NASDAQ:SITM – Get Rating) Director Katherine Schuelke sold 3,000 shares of SiTime stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $98.89, for a total transaction of $296,670.00. Following the completion of the transaction, the director now owns 17,916 shares of the company’s stock, valued at approximately $1,771,713.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SiTime Price Performance
Shares of SiTime stock opened at $101.53 on Friday. The firm’s fifty day simple moving average is $88.20 and its 200-day simple moving average is $134.56. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 50.77, a PEG ratio of 6.52 and a beta of 1.90. SiTime Co. has a 12 month low of $73.10 and a 12 month high of $341.77.
SiTime (NASDAQ:SITM – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.03 million. SiTime had a net margin of 14.95% and a return on equity of 6.71%. Analysts anticipate that SiTime Co. will post 1.04 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On SiTime
Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of SiTime in the 1st quarter valued at $41,000. Amundi acquired a new position in SiTime in the 2nd quarter valued at $47,000. Nisa Investment Advisors LLC acquired a new position in SiTime in the 1st quarter valued at $78,000. CWM LLC increased its stake in SiTime by 517.6% in the 3rd quarter. CWM LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 264 shares during the period. Finally, Cutler Group LLC CA increased its stake in SiTime by 172.4% in the 3rd quarter. Cutler Group LLC CA now owns 362 shares of the company’s stock valued at $28,000 after buying an additional 862 shares during the period. 72.84% of the stock is owned by institutional investors and hedge funds.
SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense.
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