Raman Chitkara Sells SiTime Shares

Raman Chitkara recently sold 2,000 shares of SiTime Corporation (NasdaqGM: SITM) on June 12, 2026. The shares were sold at an average price of $727.38, amounting to a total transaction value of approximately $1.45 million. This sale was part of a pre-planned transaction.

Insider Buying and Selling at SiTime Corporation

Several insiders at SiTime Corporation have been active recently. On June 15, 2026, CEO Rajesh Vashist sold 20,000 shares at a price of $750.15 each, in a planned transaction. On the same day, Executive Vice President Lionel Bonnot sold 500 shares at $736.02. Earlier, on June 12, 2026, EVP and Chief Legal Officer Vincent Pangrazio sold 2,000 shares at $725.32, and on June 11, 2026, Bonnot sold an additional 1,000 shares at $700.

Other Institutional Activity in SiTime Corporation

Institutional investors have also been adjusting their holdings in SiTime Corporation. FMR LLC increased its stake by 606,711 shares, ending with 3,954,935 shares valued at about $1.37 billion. On the other hand, BlackRock, Inc. reduced its holdings by 497,127 shares, now holding 2,880,735 shares worth roughly $994.86 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions with 1,391,565 and 993,986 shares, respectively. Meanwhile, State Street Corp slightly grew its holdings by 6,686 shares, totaling 924,843 shares valued at approximately $319.39 million.

SiTime Corporation Stock Snapshot

Shares of SiTime Corporation are trading near $729.89. The company has a market cap of about $19.27 billion and trades with a forward P/E ratio of 68.46. SiTime's beta is 2.922, indicating higher volatility compared to the market. The stock's 52-week range is from $186.49 to $901.81, and it has a 50-day moving average of $618.99 and a 200-day moving average of $401.19. The company maintains a strong financial position with a current ratio of 12.48 and a quick ratio of 11.09, while its debt-to-equity ratio stands at 0.255.

Recent Earnings

SiTime Corporation reported revenue of approximately $379.91 million, with a revenue growth rate of 88.3%. However, the company posted a negative net margin of 6.381% and a return on equity of -2.619%. The next earnings report is expected on August 5, 2026.

Analysts Set New Price Targets

On May 7, 2026, UBS maintained a 'buy' rating with a price target of $775. Barclays upgraded its rating to 'buy' with a target of $850 on the same day. Needham also maintained a 'buy' rating with a target of $850. The consensus among analysts is a 'strong buy' with a mean price target of $827.78.

About SiTime Corporation

SiTime Corporation designs and sells silicon timing solutions used in various applications, including AI systems, data centers, and consumer electronics. Headquartered in Santa Clara, California, the company serves markets globally, including Hong Kong, Taiwan, and Singapore. Led by CEO Rajesh Vashist, SiTime employs around 441 people. The company was founded in 2003 and operates in the semiconductor industry, providing products like oscillators and synchronization software.

Bottom Line

Raman Chitkara's recent sale of SiTime shares is part of a broader pattern of insider activity at the company. Investors watch these transactions closely as they can provide insights into insiders' perspectives on the company's valuation. The company's stock remains volatile, with significant institutional interest and a strong analyst consensus of 'strong buy'. As always, it's important to remember that insider sales are not necessarily indicative of future performance.