SiTime Co. (NASDAQ:SITM – Get Free Report) CEO Rajesh Vashist sold 4,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $124.17, for a total transaction of $496,680.00. Following the completion of the sale, the chief executive officer now directly owns 450,367 shares of the company’s stock, valued at $55,922,070.39. The transaction was disclosed in a filing with the SEC, which is available at this link.
Rajesh Vashist also recently made the following trade(s):
- On Thursday, June 13th, Rajesh Vashist sold 20,000 shares of SiTime stock. The stock was sold at an average price of $125.44, for a total transaction of $2,508,800.00.
SiTime Price Performance
SITM stock opened at $120.13 on Wednesday. SiTime Co. has a 1-year low of $72.39 and a 1-year high of $141.99. The business has a 50 day simple moving average of $107.61 and a two-hundred day simple moving average of $107.28. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -29.09 and a beta of 1.83.
Analyst Ratings Changes
Separately, Needham & Company LLC upgraded shares of SiTime from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.
Get Our Latest Research Report on SiTime
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SITM. Pineridge Advisors LLC bought a new stake in shares of SiTime in the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in SiTime by 78.2% during the 4th quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock valued at $41,000 after buying an additional 147 shares in the last quarter. Nemes Rush Group LLC increased its stake in SiTime by 26.9% in the 4th quarter. Nemes Rush Group LLC now owns 542 shares of the company’s stock worth $66,000 after acquiring an additional 115 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SiTime by 35.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 689 shares of the company’s stock worth $84,000 after acquiring an additional 180 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of SiTime by 24.4% during the 4th quarter. Assetmark Inc. now owns 781 shares of the company’s stock worth $95,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.
About SiTime
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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