SiTime (SITM) Projected to Post Earnings on Wednesday

SiTime (NASDAQ:SITM - Get Free Report) is projected to announce its earnings results 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. Investors that wish to register for the company's conference call can do so using this link.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.89% and a negative net margin of 53.55%. The business had revenue of $57.70 million for the quarter, compared to the consensus estimate of $55.10 million. During the same period in the previous year, the business earned ($0.81) earnings per share. The business's revenue was up 62.4% on a year-over-year basis. On average, analysts expect SiTime to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

SiTime Price Performance

Shares of NASDAQ:SITM traded up $0.44 during trading on Friday, hitting $204.20. 312,126 shares of the company's stock were exchanged, compared to its average volume of 175,084. The business's 50-day simple moving average is $228.31 and its 200 day simple moving average is $185.13. SiTime has a 52-week low of $72.39 and a 52-week high of $268.18. The company has a market cap of $4.77 billion, a price-to-earnings ratio of -49.32 and a beta of 1.82.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at SiTime

In related news, Director Torsten Kreindl sold 6,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $220.86, for a total value of $1,325,160.00. Following the completion of the sale, the director now directly owns 13,511 shares in the company, valued at $2,984,039.46. This trade represents a 30.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.16, for a total transaction of $210,160.00. Following the transaction, the insider now owns 108,574 shares in the company, valued at $22,817,911.84. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,931 shares of company stock worth $6,326,724 over the last 90 days. 2.30% of the stock is owned by 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.