SiTime (SITM) Projected to Post Quarterly Earnings on Wednesday

SiTime (NASDAQ:SITM) will likely be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $64.00 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, November 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.26 by $0.14. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The company had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $55.10 million. During the same quarter in the previous year, the company posted ($0.81) EPS. The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. 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 0.2 %

Shares of SiTime stock opened at $204.20 on Monday. The business has a fifty day simple moving average of $228.31 and a 200 day simple moving average of $185.13. The stock has a market cap of $4.77 billion, a PE ratio of -49.32 and a beta of 1.82. SiTime has a 12 month low of $72.39 and a 12 month high of $268.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays upped their price target on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Stifel Nicolaus upped their target price on shares of SiTime from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC lifted their price target on shares of SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Roth Mkm upped their price objective on shares of SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at SiTime

In other news, insider Fariborz Assaderaghi sold 363 shares of SiTime stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $216.25, for a total value of $78,498.75. Following the sale, the insider now directly owns 104,322 shares in the company, valued at $22,559,632.50. This trade represents a 0.35 % 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, Director Torsten Kreindl sold 6,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $220.86, for a total transaction of $1,325,160.00. Following the transaction, the director now owns 13,511 shares of the company’s stock, valued at $2,984,039.46. The trade was a 30.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,931 shares of company stock valued at $6,326,724. 2.30% of the stock is currently owned by corporate insiders.

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.