New insider activity at SiTime Corporation ( (SITM) ) has taken place on March 6, 2025.
Piyush B Sevalia, the Executive Vice President of Marketing at SiTime Corporation, recently sold 1,038 shares of the company’s stock. This transaction was valued at $163,630.
Recent Updates on SITM stock
SiTime Corporation recently held its Q4 earnings call, reporting a 61% year-over-year revenue growth for the fourth quarter of 2024 and a 41% increase in full-year revenue. This strong performance was driven by significant growth in the Communications, Enterprise, and Datacenter segment, as well as successful product innovation and market expansion. Despite concerns about declining gross margins and rising operating expenses, the company remains optimistic about its growth trajectory, targeting a 25% to 30% growth rate for 2025 and 2026. Analysts have responded positively to these developments, with several firms raising their price targets for SiTime. Barclays highlighted the company’s top-line execution, while Needham and Raymond James noted strong bookings and design win activity. Stifel emphasized SiTime’s compelling secular growth across its business segments, further supporting the positive outlook.
More about SiTime Corporation
YTD Price Performance: -31.84%
Average Trading Volume: 274,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.6B