Lionel Bonnot Sells 781 Shares of SiTime Co. (NASDAQ:SITM) Stock

SiTime Co. (NASDAQ:SITMGet Free Report) insider Lionel Bonnot sold 781 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $117.08, for a total value of $91,439.48. Following the completion of the transaction, the insider now directly owns 98,299 shares in the company, valued at approximately $11,508,846.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SiTime Stock Performance

SITM opened at $127.12 on Wednesday. The stock’s 50 day simple moving average is $90.58 and its 200 day simple moving average is $104.79. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $141.99.

SiTime (NASDAQ:SITMGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.01). SiTime had a negative net margin of 66.88% and a negative return on equity of 11.29%. The company had revenue of $42.40 million for the quarter, compared to analysts’ expectations of $41.65 million. Analysts expect that SiTime Co. will post -2.3 EPS for the current fiscal year.

Institutional Investors Weigh In On SiTime

Several institutional investors have recently added to or reduced their stakes in SITM. Pineridge Advisors LLC purchased a new position in shares of SiTime in the fourth quarter valued at about $25,000. Quadrant Capital Group LLC grew its stake in shares of SiTime by 78.2% in the fourth quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock worth $41,000 after purchasing an additional 147 shares during the last quarter. Nemes Rush Group LLC increased its holdings in SiTime by 26.9% during the 4th quarter. Nemes Rush Group LLC now owns 542 shares of the company’s stock valued at $66,000 after purchasing an additional 115 shares during the period. Amica Retiree Medical Trust increased its holdings in SiTime by 479.5% during the 3rd quarter. Amica Retiree Medical Trust now owns 649 shares of the company’s stock valued at $74,000 after purchasing an additional 537 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in SiTime by 35.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 689 shares of the company’s stock valued at $84,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SITM. Needham & Company LLC upgraded SiTime from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Thursday, May 9th. Barclays increased their price target on shares of SiTime from $110.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, SiTime currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Check Out Our Latest Report on SiTime

SiTime Company Profile

(Get Free Report)

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.

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

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