SiTime Co. (NASDAQ:SITM – Get Score) 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 palms throughout mid-day buying and selling, a decline of 100% from the common 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 immediately 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 accessible by way of the SEC web site. 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 immediately 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 accessible by way of the SEC web site. 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 chief vp now owns 98,136 shares of the corporate’s inventory, valued at $11,043,244.08. The disclosure for this sale might be discovered right 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 at the moment owned by firm insiders.
Wall Avenue Analyst Weigh In
SITM has been the subject of a lot of current analyst stories. 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 “chubby” 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, In response to information from MarketBeat.com, the inventory at the moment 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:SITM – Get Score) 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 through the quarter, in comparison with the consensus estimate of $73.03 million. SiTime had a web margin of 14.95% and a return on fairness of 6.71%. As a gaggle, sell-side analysts anticipate that SiTime Co. will put up 1.04 EPS for the present 12 months.
Institutional Buyers Weigh In On SiTime
Institutional traders have just lately 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 a further 6,327 shares within the final quarter. Walleye Capital LLC acquired a brand new place in shares of SiTime through the 2nd quarter price roughly $512,000. Frontier Capital Administration Co. LLC elevated its place in shares of SiTime by 285.0% through the 2nd quarter. Frontier Capital Administration Co. LLC now owns 343,774 shares of the corporate’s inventory price $56,045,000 after buying a further 254,472 shares over the last quarter. PFG Advisors elevated its place in shares of SiTime by 50.5% through the third quarter. PFG Advisors now owns 2,861 shares of the corporate’s inventory price $225,000 after buying a further 960 shares over the last quarter. Lastly, Principal Monetary Group Inc. elevated its place in shares of SiTime by 19.3% through the 2nd quarter. Principal Monetary Group Inc. now owns 394,362 shares of the corporate’s inventory price $64,292,000 after buying a further 63,708 shares over the last quarter. Institutional traders personal 74.96% of the corporate’s inventory.
About SiTime
(Get Score)
SiTime Company designs, develops, and sells silicon timing techniques options in Taiwan, Hong Kong, america, and internationally. The corporate supplies resonators and clock built-in circuits, and varied sorts of oscillators. Its options have functions in varied markets, together with communications and enterprise, automotive, industrial, Web of Issues, cell, client, and aerospace and protection.
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