Tidal Investments LLC Buys 5,419 Shares of SiTime Corporation $SITM
MarketBeat
Tidal Investments LLC increased its stake in SiTime Corporation by 231.3% in the second quarter, acquiring an additional 5,419 shares. SiTime reported strong quarterly results with revenue up 126.5% year-over-year and EPS beating estimates, leading analysts to maintain a "Buy" consensus with an average price target of $761.25. However, the company faces risks from its high P/E ratio of 1,297 and significant insider selling, including the CEO's sale of 12,000 shares.
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