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Insider Sale: Director Katherine Schuelke Sells Shares of SiTime Corp (SITM)

Published 2024-05-23, 08:39 p/m
Insider Sale: Director Katherine Schuelke Sells Shares of SiTime Corp (SITM)

GuruFocus - On May 22, 2024, Director Katherine Schuelke sold 1,094 shares of SiTime Corp (NASDAQ:SITM) at a price of $126.19 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 17,648 shares of the company.

SiTime Corp (NASDAQ:SITM) is a semiconductor company that specializes in precision timing solutions. Its products are used in various applications including telecommunications, networking, and consumer electronics, enhancing the performance and reliability of systems by managing time-sensitive processes.

Over the past year, Katherine Schuelke has sold a total of 2,004 shares and has not made any purchases. The broader insider transaction trend at SiTime Corp shows a total of 46 insider sells and no insider buys over the past year.

Shares of SiTime Corp were trading at $126.19 on the day of the transaction, giving the company a market cap of approximately $2.74 billion. According to the GF Value, the intrinsic value estimate for SiTime Corp is $91.49, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.38.

The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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