First Brands Group debt targeted by Apollo Global Management - report
Piyush B. Sevalia, evp of marketing at SiTime Corp (NASDAQ:SITM), a $5.8 billion market cap company, sold 2,000 shares of common stock on August 29, 2025, at a price of $242.66, for a total transaction value of $485,320. The stock, which has gained over 67% in the past year according to InvestingPro data, currently trades within analysts’ target range of $220-$275.
Following the transaction, Sevalia directly owns 80,813 shares, which includes 76,146 unvested restricted stock units and performance-based restricted stock units
The sale was reported in a Form 4 filing with the Securities and Exchange Commission on September 3, 2025.
In other recent news, CyTime Corporation reported impressive financial results for the second quarter of 2025, significantly exceeding market expectations. The company achieved earnings per share of $0.47, surpassing the projected $0.21, a 123.81% positive surprise. Additionally, revenue totaled $69.5 million, outpacing the forecast of $57.79 million by 20.26%. Meanwhile, SiTime Corp. has seen several positive analyst actions. Raymond James increased its price target for SiTime to $270 from $250, maintaining an Outperform rating, citing confidence in the company’s market expansion efforts. Stifel reiterated a Buy rating with a $240 price target, emphasizing SiTime’s programmability advantages. UBS initiated coverage with a Buy rating and a $260 price target, highlighting the company’s growth potential in artificial intelligence applications. These developments reflect a strong analyst outlook for SiTime in the semiconductor industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.