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HomeMarketResultsSiTime (NASDAQ:SITM) Shares Down 6.3% Following Insider Selling

SiTime (NASDAQ:SITM) Shares Down 6.3% Following Insider Selling


SiTime Co. (NASDAQ:SITMGet Rating) was down 6.3% throughout mid-day buying and selling on Thursday after an insider bought shares within the firm. The corporate traded as little as $98.01 and final traded at $98.52. Roughly 771 shares traded fingers throughout mid-day buying and selling, a decline of 100% from the typical each day quantity of 221,449 shares. The inventory had beforehand closed at $105.15.Particularly, insider Lionel Bonnot bought 386 shares of SiTime inventory in a transaction dated Wednesday, November thirtieth. The inventory was bought at a mean worth of $98.75, for a complete worth of $38,117.50. Following the completion of the sale, the insider now straight owns 99,167 shares within the firm, valued at $9,792,741.25. The sale was disclosed in a submitting with the SEC, which is out there via the SEC website. In associated information, insider Lionel Bonnot bought 386 shares of SiTime inventory in a transaction dated Wednesday, November thirtieth. The inventory was bought at a mean worth of $98.75, for a complete worth of $38,117.50. Following the completion of the sale, the insider now straight owns 99,167 shares within the firm, valued at $9,792,741.25. The sale was disclosed in a submitting with the SEC, which is out there via the SEC website. Additionally, EVP Piyush B. Sevalia bought 1,428 shares of SiTime inventory in a transaction dated Tuesday, December thirteenth. The inventory was bought at a mean worth of $112.53, for a complete worth of $160,692.84. Following the completion of the sale, the manager vice chairman now owns 98,136 shares of the corporate’s inventory, valued at $11,043,244.08. The disclosure for this sale will be discovered here. Insiders bought a complete of 17,302 shares of firm inventory price $1,763,173 over the past three months. 1.16% of the inventory is presently owned by firm insiders.

Wall Road Analyst Weigh In

SITM has been the subject of a variety of current analyst reviews. Needham & Firm LLC decreased their goal worth on SiTime from $125.00 to $115.00 and set a “purchase” score on the inventory in a report on Thursday, November third. Credit score Suisse Group initiated protection on SiTime in a report on Tuesday, November fifteenth. They set an “outperform” score and a $135.00 goal worth on the inventory. Raymond James decreased their goal worth on SiTime from $240.00 to $120.00 and set an “outperform” score on the inventory in a report on Thursday, November third. Barclays reduce their worth goal on SiTime from $130.00 to $96.00 and set an “obese” score on the inventory in a report on Thursday, November third. Lastly, TheStreet upgraded SiTime from a “d+” score to a “c” score in a report on Monday, November twenty first. 4 equities analysis analysts have rated the inventory with a purchase score, Based on information from MarketBeat.com, the inventory presently has a mean score of “Purchase” and a consensus goal worth of $116.50.

SiTime Buying and selling Down 0.9 %

The agency has a market cap of $2.13 billion, a P/E ratio of 49.71, a PEG ratio of 6.45 and a beta of 1.90. The corporate has a fifty day transferring common worth of $96.67 and a two-hundred day transferring common worth of $120.90.

SiTime (NASDAQ:SITMGet Rating) final launched its earnings outcomes on Wednesday, November 2nd. The corporate reported $0.26 EPS for the quarter, lacking the consensus estimate of $0.28 by ($0.02). The agency had income of $73.10 million throughout the quarter, in comparison with the consensus estimate of $73.03 million. SiTime had a internet margin of 14.95% and a return on fairness of 6.71%. As a bunch, sell-side analysts anticipate that SiTime Co. will put up 1.04 EPS for the present yr.

Institutional Traders Weigh In On SiTime

Institutional traders have not too long ago purchased and bought shares of the corporate. New York State Academics Retirement System lifted its stake in SiTime by 41.5% within the 2nd quarter. New York State Academics Retirement System now owns 21,583 shares of the corporate’s inventory valued at $3,519,000 after buying an extra 6,327 shares within the final quarter. Walleye Capital LLC acquired a brand new place in shares of SiTime throughout the 2nd quarter price roughly $512,000. Frontier Capital Administration Co. LLC elevated its place in shares of SiTime by 285.0% throughout the 2nd quarter. Frontier Capital Administration Co. LLC now owns 343,774 shares of the corporate’s inventory price $56,045,000 after buying an extra 254,472 shares over the past quarter. PFG Advisors elevated its place in shares of SiTime by 50.5% throughout the third quarter. PFG Advisors now owns 2,861 shares of the corporate’s inventory price $225,000 after buying an extra 960 shares over the past quarter. Lastly, Principal Monetary Group Inc. elevated its place in shares of SiTime by 19.3% throughout the 2nd quarter. Principal Monetary Group Inc. now owns 394,362 shares of the corporate’s inventory price $64,292,000 after buying an extra 63,708 shares over the past quarter. Institutional traders personal 74.96% of the corporate’s inventory.

About SiTime

(Get Rating)

SiTime Company designs, develops, and sells silicon timing methods options in Taiwan, Hong Kong, the USA, and internationally. The corporate gives resonators and clock built-in circuits, and varied varieties of oscillators. Its options have purposes in varied markets, together with communications and enterprise, automotive, industrial, Web of Issues, cellular, shopper, and aerospace and protection.

Learn Extra

This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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