New insider activity at SiTime Corporation ( (SITM) ) has taken place on March 8, 2025.
Several executives from SiTime Corporation have recently sold shares of the company’s stock. EVP of Marketing, Piyush B Sevalia, sold 1,268 shares for a total of $242,740. EVP of Engineering & Technology, Fariborz Assaderaghi, sold 1,267 shares, amounting to $228,060. SVP, GC & Sec, Vincent Pangrazio, made the largest transaction by selling 3,000 shares for $555,315. Lastly, SVP of Marketing & Business Development, Lionel Bonnot, sold 714 shares, totaling $142,800.
Recent Updates on SITM stock
SiTime Corporation’s stock has seen a significant increase in value, rising 14% to $174.46, following the release of Apple’s iPhone 16e. The increase is attributed to teardowns of the new iPhone, which reportedly include two timing chips from SiTime, as highlighted by the company’s management at an investor conference. This development is seen as a confirmational data point for SiTime’s involvement in future iPhone models, such as the iPhone 17 and iPhone 18. Wolfe Research maintains an Outperform rating on SiTime, with a price target of $275, reflecting confidence in the company’s prospects due to its association with Apple’s products.
More about SiTime Corporation
YTD Price Performance: -20.36%
Average Trading Volume: 291,162
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.3B
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