Akira Takata Sells 1,600 Shares of SiTime Co. (NASDAQ:SITM) Stock

SiTime Co. (NASDAQ:SITM) Director Akira Takata sold 1,600 shares of SiTime stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $283.71, for a total transaction of $453,936.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:SITM opened at $298.56 on Thursday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 452.36, a price-to-earnings-growth ratio of 12.44 and a beta of 0.84. The company has a 50-day moving average price of $237.47. SiTime Co. has a 1-year low of $75.81 and a 1-year high of $301.52.

SiTime (NASDAQ:SITM) last posted its earnings results on Tuesday, November 2nd. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. SiTime had a net margin of 7.86% and a return on equity of 5.57%. During the same period last year, the business posted ($0.04) EPS. As a group, analysts forecast that SiTime Co. will post 1.34 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Hood River Capital Management LLC raised its stake in shares of SiTime by 3.6% in the 2nd quarter. Hood River Capital Management LLC now owns 554,679 shares of the company’s stock valued at $70,217,000 after acquiring an additional 19,237 shares during the period. Tudor Investment Corp Et Al purchased a new stake in shares of SiTime in the 1st quarter valued at approximately $2,042,000. Macquarie Group Ltd. raised its stake in shares of SiTime by 164,672.9% in the 2nd quarter. Macquarie Group Ltd. now owns 377,330 shares of the company’s stock valued at $47,766,000 after acquiring an additional 377,101 shares during the period. Credit Suisse AG raised its stake in shares of SiTime by 9.7% in the 2nd quarter. Credit Suisse AG now owns 50,850 shares of the company’s stock valued at $6,437,000 after acquiring an additional 4,507 shares during the period. Finally, Swiss National Bank raised its stake in shares of SiTime by 37.6% in the 2nd quarter. Swiss National Bank now owns 26,700 shares of the company’s stock valued at $3,380,000 after acquiring an additional 7,300 shares during the period. Institutional investors own 64.32% of the company’s stock.

A number of research firms recently weighed in on SITM. Barclays boosted their price target on shares of SiTime from $245.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, November 5th. TheStreet upgraded shares of SiTime from a “d+” rating to a “c-” rating in a research report on Thursday, August 5th. Zacks Investment Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating and set a $281.00 price target on the stock in a research report on Thursday, November 11th. Needham & Company LLC boosted their price target on shares of SiTime from $180.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Finally, Raymond James boosted their price target on shares of SiTime from $180.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, SiTime has an average rating of “Buy” and a consensus price target of $306.83.

SiTime Company Profile

SiTime Corporation provides silicon timing systems in Taiwan, Hong Kong, the United States, and internationally. It provides resonators and clock integrated circuits, and various types of oscillators. The company's solutions are used in various markets, including enterprise and telecommunications infrastructure, automotive, industrial, Internet of Things, mobile, and aerospace and defense.

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Insider Buying and Selling by Quarter for SiTime (NASDAQ:SITM)

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