SiTime (NASDAQ:SITM) released its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07, MarketWatch Earnings reports. The firm had revenue of $35.54 million during the quarter, compared to analysts’ expectations of $33.00 million. The business’s revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS.
Shares of SITM traded down $4.54 during trading hours on Tuesday, reaching $85.98. The company’s stock had a trading volume of 271,319 shares, compared to its average volume of 225,134. The company has a 50 day moving average of $100.24 and a two-hundred day moving average of $106.66. SiTime has a 1-year low of $22.04 and a 1-year high of $151.78. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -124.61 and a beta of 0.75.
In other SiTime news, CEO Rajesh Vashist sold 3,000 shares of SiTime stock in a transaction on Wednesday, April 21st. The stock was sold at an average price of $92.13, for a total value of $276,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Arthur D. Chadwick sold 2,450 shares of the company’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $113.61, for a total transaction of $278,344.50. Following the transaction, the chief financial officer now owns 99,227 shares in the company, valued at approximately $11,273,179.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,988 shares of company stock worth $1,647,683. Insiders own 0.80% of the company’s stock.
SiTime Corporation provides silicon timing systems in Taiwan, Hong Kong, the United States, and internationally. It provides resonators and clock integrated circuits, and various types of oscillators. The company's solutions are used in various markets, including enterprise and telecommunications infrastructure, automotive, industrial, Internet of Things, mobile, and aerospace and defense.
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