Figma Shares Indicated To Open $105/$110
Bonnot Lionel, Executive Vice President of Worldwide Sales and Business Development at SITime Corp (NASDAQ:SITM), recently sold shares of the company’s common stock valued at $142,800. The sale, which occurred on March 6, involved 714 shares sold at a price of $200 each. The transaction comes as SITM’s stock shows significant momentum, with a 14.78% gain in the past week and analyst price targets ranging from $180 to $275. Following this transaction, Lionel holds 87,226 shares directly. Notably, this figure includes 83,928 shares tied to restricted stock units and performance-based restricted stock units that have not yet vested. These unvested units consist of 38,376 restricted stock units that vest over time and 45,552 performance-based units contingent on the company’s stock performance. According to InvestingPro analysis, SITM maintains strong liquidity with a current ratio of 5.02, though the stock appears overvalued at current levels. Discover 11 additional key insights and comprehensive analysis available through the Pro Research Report, helping investors make informed decisions about this volatile semiconductor stock.
In other recent news, SiTime Corporation is set to experience significant growth due to new orders from Apple (NASDAQ:AAPL), as SiTime has been selected as the exclusive supplier of MEMS oscillators for Apple’s in-house modem. This development is anticipated to substantially boost SiTime’s revenue, with projections indicating an increase to roughly $40 million in 2025, $110 million in 2026, and $240 million in 2027. Analysts from Raymond (NSE:RYMD) James and Needham have responded positively to SiTime’s recent financial performance, with both firms raising their price targets for the company to $250. Raymond James highlighted SiTime’s efficient operational model and robust growth in the data center market, while Needham emphasized strong bookings for 2025 and substantial growth expected in the Consumer Electronics Division.
SiTime’s components were revealed to be part of Apple’s iPhone 16e, which has sparked investor interest and optimism about the company’s future prospects. Despite a recent stock selloff, Raymond James found no issues with SiTime’s financial results or outlook, noting strong demand particularly in the communications and datacenter segment. SiTime’s financial health remains strong, with a cash balance of nearly $420 million and no debt. Analysts from both Raymond James and Needham maintain a positive outlook on SiTime’s growth trajectory, citing its strategic growth initiatives and market opportunities.
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