SiTime (NASDAQ:SITM) Director Katherine Schuelke Sells 500 Shares

SiTime Corporation (NASDAQ:SITM – Get Free Report) Director Katherine Schuelke sold 500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the transaction, the director directly owned 12,010 shares of the company’s stock, valued at $8,383,580.50. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SiTime Stock Performance

NASDAQ SITM opened at $680.52 on Thursday. The company’s 50 day simple moving average is $635.71 and its two-hundred day simple moving average is $536.59. 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 Corporation has a 1 year low of $204.60 and a 1 year high of $901.81. The stock has a market capitalization of $20.46 billion, a PE ratio of 1,388.82 and a beta of 2.94.

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SiTime (NASDAQ:SITM – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the prior year, the company earned $0.47 EPS. The company’s quarterly revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts predict that SiTime Corporation will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SITM shares. Stifel Nicolaus lifted their price target on SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Roth Capital reiterated a “buy” rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. Finally, Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $688.75.

Check Out Our Latest Research Report on SITM

Institutional Trading of SiTime

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in SiTime by 12.5% during the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after purchasing an additional 491 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of SiTime by 33.6% during the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after acquiring an additional 88 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of SiTime by 310.8% during the first quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock valued at $1,557,000 after acquiring an additional 8,136 shares in the last quarter. Intech Investment Management LLC lifted its stake in SiTime by 21.6% in the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after acquiring an additional 1,477 shares during the period. Finally, M&T Bank Corp purchased a new stake in SiTime in the second quarter worth $240,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

About SiTime

(Get Free Report)

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.

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