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SANTA CLARA, CA—Sevalia Piyush B, Executive Vice President of Marketing at SITIME Corp (NASDAQ:SITM), has recently sold a portion of the company’s stock. According to a recent SEC filing, Sevalia disposed of 1,038 shares of common stock on March 3, 2025, at a price of $157.64 per share, totaling approximately $163,630. The stock, which currently trades at $182.19, has shown remarkable performance with a 99.79% return over the past year, according to InvestingPro data.
Following this transaction, Sevalia holds 92,847 shares directly. This figure includes 86,773 shares of common stock issuable from previously reported restricted stock units and performance-based restricted stock units that have not yet vested. These unvested units consist of 35,477 restricted stock units that vest over time and 51,296 performance-based restricted stock units that vest based on specific absolute and relative price performance criteria of SITIME’s common stock over various periods. With a market capitalization of $4.31 billion and analyst targets ranging from $180 to $275, InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The transaction was executed as part of a previously established 10b5-1 trading plan. Access comprehensive analysis and 12 additional key insights about SITIME through InvestingPro’s detailed research reports.
In other recent news, SiTime Corp has seen significant developments in its operations. The company reported a robust performance for the December quarter, with a notable 18% increase in quarterly revenue and a 24% rise in profits, showcasing its strong operational leverage. Analysts from Raymond (NSE:RYMD) James and Needham have both raised their price targets for SiTime to $250, reflecting confidence in the company’s financial trajectory and market position. SiTime’s components were recently discovered in Apple (NASDAQ:AAPL)’s iPhone 16e, highlighting a key inclusion that has sparked investor interest due to the potential for increased demand in consumer electronics.
Raymond James has projected a 64% year-over-year revenue growth for SiTime in the March quarter, underscoring the company’s strong sales momentum, especially in the automotive and industrial sectors. Despite a temporary downturn in stock price, Raymond James reiterated its positive outlook, citing no concerns with SiTime’s financial results or guidance. The company’s gross margin is expected to decline slightly due to lower sales volume and increased expenses, but operating expenses are projected to remain stable.
SiTime maintains a strong financial position with nearly $420 million in cash and no debt, providing a solid foundation for future growth. Needham analysts have noted SiTime’s design wins and robust bookings, particularly in the Consumer Electronics Division, which is expected to grow by 39% in 2025. These developments position SiTime well for continued expansion in high-performance applications and support the firm’s optimistic revenue growth projections.
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