SiTime (SITM) to Release Earnings on Wednesday

SiTime (NASDAQ:SITM) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect SiTime to post earnings of $0.26 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

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

SiTime Trading Up 0.9 %

Shares of SiTime stock opened at $170.60 on Monday. The stock’s fifty day simple moving average is $163.72 and its 200 day simple moving average is $137.89. The company has a market capitalization of $3.95 billion, a PE ratio of -41.41 and a beta of 1.83. SiTime has a 12 month low of $72.39 and a 12 month high of $188.98.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other SiTime news, insider Fariborz Assaderaghi sold 1,083 shares of SiTime stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $139.05, for a total value of $150,591.15. Following the sale, the insider now owns 112,584 shares of the company’s stock, valued at $15,654,805.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Fariborz Assaderaghi sold 1,083 shares of SiTime stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $139.05, for a total value of $150,591.15. Following the sale, the insider now directly owns 112,584 shares in the company, valued at $15,654,805.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lionel Bonnot sold 3,230 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $140.55, for a total transaction of $453,976.50. Following the transaction, the insider now owns 87,525 shares of the company’s stock, valued at $12,301,638.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,464 shares of company stock valued at $4,681,973. Company insiders own 2.30% 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.