SiTime Corporation Common Stock (SITM)
SiTime Corporation specializes in manufacturing precision timing solutions, including MEMS-based oscillators and resonators used in a variety of electronics applications such as consumer, industrial, and automotive devices. The company is known for its innovative silicon MEMS technology that offers improved performance, size, and cost-efficiency compared to traditional quartz-based timing components.
Company News
SiTime Corporation is launching a public offering of 1,750,000 shares at $200 per share, expecting to raise $350 million. The offering is set to close on June 27, 2025, with several investment banks serving as lead managers.
SiTime, a leader in MEMS-based precision timing solutions, reported a significant increase in revenue and earnings per share for Q4 2024, surpassing analyst expectations. The company's strong performance was driven by growth in key market segments, particularly in communications, enterprise, and data centers.
A SiTime Corp executive, Lionel Bonnot, sold over $449,000 worth of company stock. This transaction reflects the actions of a high-level executive within the company, which may be of interest to investors monitoring insider trading activities.
SiTime Corp (NASDAQ:SITM) shares are trading higher after Needham analyst Quinn Bolton upgraded the stock rating from Hold to Buy with a $130 price target. SiTime posted revenue of $33.0 million, down 13.9% year over year, but above Bolton’s estimate and the Street’s $32 million estimate, due to downward trends in customer inventories ...
SiTime (SITM) delivered earnings and revenue surprises of 42.86% and 3.14%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
