SiTime (SITM) Scheduled to Post Quarterly Earnings on Wednesday

SiTime (NASDAQ:SITM – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.55 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 Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). SiTime had a net margin of 14.95% and a return on equity of 6.71%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.03 million. On average, analysts expect SiTime to post $1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

SiTime Stock Down 1.9 %

NASDAQ SITM opened at $118.99 on Wednesday. SiTime has a twelve month low of $73.10 and a twelve month high of $270.92. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 59.50 and a beta of 1.89. The business’s fifty day moving average is $103.73 and its 200 day moving average is $109.78.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SITM shares. Needham & Company LLC cut their price objective on SiTime from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. TheStreet raised SiTime from a “d+” rating to a “c” rating in a research report on Monday, November 21st. Raymond James lowered their target price on SiTime from $240.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Barclays raised their target price on SiTime from $96.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Credit Suisse Group assumed coverage on SiTime in a research report on Tuesday, November 15th. They set an “outperform” rating and a $135.00 target price for the company. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $122.50.

Insider Activity

In other news, Director Katherine Schuelke sold 3,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $98.89, for a total value of $296,670.00. Following the transaction, the director now directly owns 17,916 shares of the company’s stock, valued at approximately $1,771,713.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Katherine Schuelke sold 3,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $98.89, for a total value of $296,670.00. Following the transaction, the director now directly owns 17,916 shares of the company’s stock, valued at approximately $1,771,713.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent P. Pangrazio sold 701 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $105.04, for a total value of $73,633.04. Following the completion of the transaction, the insider now directly owns 85,397 shares in the company, valued at $8,970,100.88. The disclosure for this sale can be found here. Insiders have sold 21,242 shares of company stock valued at $2,155,137 in the last ninety days. 1.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SITM. Raymond James Financial Services Advisors Inc. raised its stake in SiTime by 87.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,084 shares of the company’s stock worth $1,508,000 after buying an additional 2,844 shares during the period. US Bancorp DE raised its stake in SiTime by 94.4% during the 1st quarter. US Bancorp DE now owns 933 shares of the company’s stock worth $231,000 after buying an additional 453 shares during the period. Private Advisor Group LLC acquired a new position in SiTime during the 1st quarter worth approximately $290,000. PNC Financial Services Group Inc. raised its stake in SiTime by 191.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,095 shares of the company’s stock worth $270,000 after buying an additional 719 shares during the period. Finally, Bank of Montreal Can raised its stake in SiTime by 2,115.2% during the 1st quarter. Bank of Montreal Can now owns 23,370 shares of the company’s stock worth $6,100,000 after buying an additional 22,315 shares during the period. 74.96% of the stock is owned by institutional investors and hedge funds.

SiTime Company Profile

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SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense.