SiTime Corporation Common Stock
SITMSiTime 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
Scalar Gauge Management acquired 27,000 shares of SiTime Corporation, representing an $8.14 million investment in a semiconductor company specializing in silicon timing systems for various electronic devices.
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.
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?
