New insider activity at SiTime Corporation ( (SITM) ) has taken place on February 27, 2025.
Lionel Bonnot, the Senior Vice President of Marketing and Business Development at SiTime Corporation, recently executed a significant transaction by selling 3,501 shares of the company’s stock. This sale amounted to a total value of $610,049, highlighting a notable financial move within the corporation.
Recent Updates on SITM stock
Recent developments for SiTime Corporation highlight a positive earnings call with significant revenue growth and market expansion, despite some concerns over gross margin declines and rising operating expenses. The company reported a 61% year-over-year revenue increase for Q4 2024 and a 41% increase for the full year, driven by strong performance in the Communications, Enterprise, and Datacenter segment. Analysts have raised price targets for SiTime, citing strong bookings for 2025, successful design wins, and a solid beat-and-raise cadence. Barclays noted the company’s execution on top-line growth, while Needham and Raymond James emphasized healthy design win activity and operating leverage. Stifel highlighted SiTime’s compelling secular growth across business segments. The positive outlook for 2025, with a targeted growth rate of 25% to 30%, supports these target changes, although challenges like declining gross margins due to seasonality and increased R&D expenses remain.
More about SiTime Corporation
YTD Price Performance: -28.35%
Average Trading Volume: 260,578
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.78B
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