Frank Edward H., a director at SiTime Corp, has sold 1,000 shares of the company's common stock for $745,000. The shares were sold at $745 per share on August 17, 2026. Following this transaction, Mr. Frank directly holds 10,999 shares of SiTime common stock.
The company's stock has since declined to $618.71, though it remains up 191% over the past year. According to InvestingPro analysis, SiTime appears overvalued relative to its Fair Value, with the company trading at a P/E ratio of 1,213.
Recent Financial Results
SiTime Corp reported impressive financial results for the second quarter of 2026, with revenue surging by 127% year over year to $157.4 million. Non-GAAP earnings per share came in at $2.34, surpassing the analysts' forecast of $1.95.
Analyst Upgrades
Needham raised its price target for SiTime to $900 from $850, maintaining a Buy rating. The firm highlighted the company's strong performance and growth in the communications, enterprise, and data center sectors. SiTime completed the acquisition of the Renesas Timing Products Division on July 1, enhancing its scale and customer reach.
