TheStreet raises its rating on SiTime (NASDAQ:SITM) to C.

According to information from TheStreetRatingsTable, in a research note distributed to investors Monday, TheStreet upgraded its rating of SiTime (NASDAQ:SITM) from “d+” to “c”.

In SITM, the interests of a number of different experts have been shown in recent months. Raymond James lowered his target price for SiTime from $240.00 to $120.00 and gave the company an “outperform” rating in a research report released Thursday, November 3. Barclays lowered their price target on SiTime shares from $130.00 to $96.00 and gave the company an “overweight” rating in a research report released on Thursday, November 3. SiTime received a Buy rating from Needham & Company LLC in a research report published on Thursday, Nov. 3. At the same time, Needham & Company LLC lowered their price target on SiTime from $125.00 to $115.00. On November 15, Credit Suisse Group presented the findings of a SiTime investigative report they had conducted. They awarded the company an “outperform” rating and predicted a price of $135.00 for the stock. Investors have been encouraged to buy the stock by the recommendations of four equity research analysts. According to Bloomberg, the current consensus recommendation for SiTime is “Buy,” and analysts have set an average price target of $116.50 for the stock.
On Monday, SITM started trading at $102.57 on the NASDAQ. The stock’s 50-day simple moving average is $87.76 and its 200-day simple moving average is $135.02. SiTime was priced at an all-time low of $73.10 and an all-time high of $341.77. The company’s market capitalization is currently $2.20 billion and it has a price-to-earnings ratio of 51.29, a PEG ratio of 6.23 and a beta of 1.90.
In other related news, on Nov. 21, company director Katherine Schuelke sold 3,000 shares of the company. At an average price of $98.89 per share, the shares could be sold for a total consideration of $296,670.00. As a result of the transaction, the director now owns 17,916 shares of the company, valued at $1,771,713.24. The transaction was disclosed in a document filed with the SEC, which may be located on the SEC’s website. At an average price of $98.89 per share, the shares could be sold for a total consideration of $296,670.00. As a result of the transaction, the director now owns 17,916 shares of the company, valued at $1,771,713.24. The transaction was disclosed in a document filed with the SEC, which can be found on the SEC’s website. In other headlines on the subject, SiTime executive Katherine Schuelke sold 3,000 shares of the company on Nov. 21. At an average price of $98.89 per share, the shares could sell for a total of $296,670.00. As a result of the transaction, the director now owns 17,916 shares of the company, valued at $1,771,713.24. This information about the transaction is included in a filing with the SEC, which can be accessed by following this link. In addition, an insider named Fariborz Assaderaghi sold a total of 468 shares of SiTime on August 29. At an average price of $113.00 per share, the shares could be sold for a total of $52,884.00 in revenue. As a direct result of the transaction, the company insider now directly owns 116,685 shares of the company, valued at $13,185,405. The disclosure for this sale can be found here. In the past three months, company insiders have sold 5,026 shares for a total of $500,167. There is 1.16% of the company’s stock owned by company insiders.

Institutional investors and hedge funds have been active in the company’s stock market lately, buying and selling shares. During the third quarter, Kentucky’s Teachers Retirement System paid approximately $189,000 for a new post in SiTime. During the third quarter, FourThought Financial LLC increased the percentage of SiTime shares it owned by 34.3%. FourThought Financial LLC now holds a total of 658 shares of the company’s stock, which is valued at $52,000 after acquiring an additional 168 shares during the period in question. Retirement Systems of Alabama increased its stake in SiTime by 1.9% in the third quarter of this fiscal year. After acquiring an additional 387 shares in the prior quarter, Retirement Systems of Alabama now owns a total of 20,899 shares of the company’s stock, which has a market value of $1,645,000. During the third quarter, Baird Financial Group Inc. the percentage of SiTime stock it owned by 2.0%. Baird Financial Group Inc. now holds a total of 6,386 shares of the company’s stock, which is valued at $502,000 after acquiring an additional 125 shares during the period in question. Last but not least, CIBC Private Wealth Group LLC allocated $1,481,000 in the third quarter to acquire a new stake in SiTime. Currently, institutional investors own 72.84% of the company’s shares.

SiTime Corporation is a Taiwanese company specializing in the design, development and sales of silicon timing system solutions in Taiwan, Hong Kong, the United States of America and other countries around the world. Resonators, clock integrated circuits, and a variety of oscillators are all products that this company offers for sale. The company’s products and services are used in a wide variety of markets, such as communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, aerospace and defense, and many more.

Leave a Comment