Welcome to our dedicated page for SITIME news (Ticker: SITM), a resource for investors and traders seeking the latest updates and insights on SITIME stock.
SiTime Corporation (SITM) is a Nasdaq-listed semiconductor company that describes itself as the Precision Timing company. Its news flow centers on MEMS-based programmable timing solutions, including oscillators, clocks, and resonators that support precise timing in communications, data center, aerospace, defense, industrial, wearable, medical, and IoT applications.
On this page, readers can follow SiTime’s financial announcements, such as quarterly earnings results and revenue trends, which the company reports through press releases and accompanying conference calls. These updates often include both GAAP and non-GAAP metrics, along with explanations of adjustments like stock-based compensation and amortization of acquired intangibles.
SiTime’s news also highlights product launches and technology milestones. Examples include the Endura Super-TCXO ENDR-TTT for GNSS-based PNT applications in aerospace, defense, and industrial markets, and the Titan Platform, a family of MEMS resonators built on the company’s FujiMEMS technology for highly integrated, small, battery-powered devices. Such announcements describe performance characteristics, implementation options, and target use cases across edge and high-performance systems.
Investors will also find corporate and governance updates, including board changes disclosed in coordination with SEC filings, and participation in investor conferences where management hosts fireside chats and meets with institutional investors.
By reviewing the news feed for SITM, users can track how SiTime communicates its Precision Timing strategy, product roadmap, end-market focus, and capital markets activities over time. Bookmark this page to quickly access the latest company-issued press releases and related market communications about SiTime Corporation.
SiTime Corporation (Nasdaq: SITM) will release its third quarter 2020 financial results on November 4, 2020, after market close. The results will be discussed in a conference call hosted by CEO Rajesh Vashist and CFO Art Chadwick at 2:00 p.m. PT. Investors can access the live audio webcast on the investor relations section of SiTime’s website, which will be archived for 90 days. A telephone replay will also be available until November 11, 2020.
SiTime Corporation (Nasdaq: SITM) has raised its revenue guidance for Q3 2020, projecting revenues between $31 million and $32 million, which is at least 10% above the previous guidance of $28 million to $29 million. This increase is attributed to initial revenue from a new design win with a significant existing customer. The company emphasizes that these forward-looking statements involve risks and uncertainties, with actual results potentially differing from projections. Investors are encouraged to review filings with the SEC for detailed risk factors.
SiTime Corporation (Nasdaq: SITM) has completed a follow-on public offering of 4,025,000 shares at $32.00 each, raising approximately $45.1 million for the company after expenses. The offering included 1,525,000 shares sold by SiTime and 2,500,000 shares by MegaChips Corporation. The net proceeds will be utilized for debt repayment and general corporate purposes. Barclays and Stifel were the lead managers for the offering, which was registered with the U.S. SEC.
SiTime Corporation (Nasdaq: SITM) has announced a public offering of 3,500,000 shares at $32.00 per share, which includes 2,500,000 shares sold by MegaChips Corporation and 1,000,000 shares issued by SiTime. The company expects to raise approximately $32 million to repay debt and for general corporate purposes. The offering is set to close on June 16, 2020, subject to customary conditions. Additionally, the underwriters have a 30-day option to purchase up to 525,000 additional shares. Barclays and Stifel are the lead managers for this offering.
On June 9, 2020, SiTime Corporation (Nasdaq: SITM) announced a public offering of 3,500,000 shares of common stock. This includes 2,500,000 shares from MegaChips Corporation and 1,000,000 shares from SiTime. Additionally, a 30-day option for underwriters to purchase 525,000 more shares has been included. SiTime will use the net proceeds for debt repayment and general corporate purposes. Barclays and Stifel are leading the offering as joint managers. The registration statement is filed with the SEC but is not yet effective.