SiTime (SITM) Set to Announce Earnings on Wednesday

SiTime (NASDAQ:SITM) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect SiTime to post earnings of $0.26 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.08. The firm had revenue of $43.90 million for the quarter, compared to the consensus estimate of $41.01 million. SiTime had a negative return on equity of 10.53% and a negative net margin of 60.46%. The company’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.17) EPS. On average, analysts expect SiTime to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

SiTime Stock Up 2.7 %

Shares of SITM opened at $186.81 on Wednesday. The business has a fifty day moving average of $161.77 and a 200 day moving average of $135.87. The company has a market cap of $4.32 billion, a PE ratio of -45.34 and a beta of 1.82. SiTime has a 52-week low of $72.39 and a 52-week high of $188.98.

Insider Transactions at SiTime

In other news, insider Fariborz Assaderaghi sold 1,003 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.13, for a total value of $165,625.39. Following the transaction, the insider now directly owns 110,578 shares in the company, valued at approximately $18,259,745.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Fariborz Assaderaghi sold 1,003 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.13, for a total value of $165,625.39. Following the completion of the sale, the insider now owns 110,578 shares in the company, valued at approximately $18,259,745.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Piyush B. Sevalia sold 807 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $160.00, for a total value of $129,120.00. Following the completion of the transaction, the insider now directly owns 87,534 shares in the company, valued at approximately $14,005,440. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,464 shares of company stock worth $5,205,973. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on SITM. Barclays lowered shares of SiTime from an “equal weight” rating to an “underweight” rating and set a $90.00 target price for the company. in a report on Tuesday, August 27th. Stifel Nicolaus raised their price objective on shares of SiTime from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

SiTime Company Profile

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.