SiTime (SITM) to Release Earnings on Wednesday

SiTime (NASDAQ:SITM - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.08. The company had revenue of $43.90 million during the quarter, compared to the consensus estimate of $41.01 million. SiTime had a negative net margin of 60.46% and a negative return on equity of 10.53%. 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) 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 Stock Performance

Shares of SITM traded down $3.12 during mid-day trading on Wednesday, reaching $183.69. 37,070 shares of the company's stock traded hands, compared to its average volume of 203,374. The business's 50-day moving average price is $161.77 and its 200-day moving average price is $135.87. The stock has a market capitalization of $4.25 billion, a P/E ratio of -44.84 and a beta of 1.82. SiTime has a 12 month low of $72.39 and a 12 month high of $188.98.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, insider Samsheer Ahamad sold 4,000 shares of SiTime stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $131.00, for a total value of $524,000.00. Following the transaction, the insider now owns 78,856 shares of the company's stock, valued at approximately $10,330,136. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SiTime news, insider Samsheer Ahamad sold 4,000 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $131.00, for a total transaction of $524,000.00. Following the completion of the sale, the insider now directly owns 78,856 shares in the company, valued at approximately $10,330,136. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,083 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $139.05, for a total value of $150,591.15. Following the completion of the transaction, the insider now owns 112,584 shares in the company, valued at $15,654,805.20. This 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. Corporate insiders own 2.30% of the company's stock.

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.