SiTime CEO Rajesh Vashist Sells 20,000 Shares
Rajesh Vashist, CEO of SiTime, sold shares worth $15 million in a planned transaction.
Key Points
- SiTime's CEO, Rajesh Vashist, sold 20,000 shares on June 15, 2026, valued at $15 million in a planned sale.
- SiTime stock trades at about $729.89, with a market cap of $19.27 billion and a forward P/E of 68.5.
- Analysts like UBS and Barclays maintain strong buy ratings with price targets up to $850.
Rajesh Vashist, the CEO of SiTime Corporation, sold 20,000 shares of the company on June 15, 2026, in a planned transaction. The shares were sold at an average price of $750.15, totaling approximately $15 million in value.
Insider Buying and Selling at SiTime Corporation
On June 15, 2026, Rajesh Vashist, SiTime's CEO, sold 20,000 shares at an average price of $750.15, totaling $15 million. This transaction was part of a pre-arranged trading plan. Other insider activities included sales by Lionel Bonnot, Executive Vice President of Worldwide Sales and Business Development, who sold 500 shares at $736.02, and Raman Chitkara, who sold 2,000 shares at $727.38.
Other Institutional Activity in SiTime Corporation
FMR LLC increased its holdings in SiTime by 606,711 shares, ending with 3,954,935 shares valued at about $1.37 billion. BlackRock, Inc. reduced its position by 497,127 shares, holding 2,880,735 shares worth approximately $994.86 million. Vanguard Portfolio Management LLC added 1,391,565 shares, bringing its total to 1,391,565 shares valued at $480.58 million. Vanguard Capital Management LLC also added 993,986 shares, now holding 993,986 shares valued at $343.27 million. State Street Corp added 6,686 shares for a total of 924,843 shares worth $319.39 million.
SiTime Corporation Stock Snapshot
Shares of NasdaqGM:SITM traded near $729.89. SiTime Corporation has a market cap of $19.27 billion and a forward P/E ratio of 68.5. The stock has a 52-week low of $186.49 and a high of $901.81, with a 50-day moving average of $618.99 and a 200-day moving average of $401.19. The company maintains a strong current ratio of 12.48 and a quick ratio of 11.09, with a debt-to-equity ratio of 0.255.
Recent Earnings
SiTime Corporation reported revenue of $379.91 million, with a revenue growth rate of 88.3%. The company had a negative net margin of 6.38% and a return on equity of -2.62%. The next earnings report is expected on August 5, 2026.
Analysts Set New Price Targets
On May 7, 2026, UBS maintained its buy rating with a price target of $775. Barclays upgraded the stock to a buy with a target of $850, and Needham also maintained a buy rating with a target of $850. The consensus among analysts is a strong buy, with an average price target of $827.78 based on nine opinions.
About SiTime Corporation
SiTime Corporation designs and sells silicon timing systems solutions, including oscillators and clock integrated circuits. These products are used in various sectors such as artificial intelligence, data centers, communications, and automotive industries. Headquartered in Santa Clara, California, SiTime serves markets in Hong Kong, Taiwan, the United States, and beyond, under the leadership of CEO Rajesh Vashist. The company, founded in 2003, employs 441 people.
Bottom Line
Insider sales like those by CEO Rajesh Vashist can attract attention, but they are often part of planned strategies. SiTime's stock remains a focal point for analysts, who continue to rate it highly despite recent sales. Investors often track such insider activities and analyst ratings to gauge market sentiment and potential future performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.