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SiTime Corporation - $SITM STOCK NEWS

Welcome to our dedicated page for SiTime Corporation news (Ticker: $SITM), a resource for investors and traders seeking the latest updates and insights on SiTime Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SiTime Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SiTime Corporation's position in the market.

News
SiTime Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
SiTime Corporation (NASDAQ: SITM) granted two restricted stock unit awards to Beth Howe, the new Executive Vice President, Chief Financial Officer, as a material inducement to her joining the company. The first RSU for 50,918 shares will vest over four years, and the second RSU for 3,771 shares will vest in full on November 20, 2023. These grants were made in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to specific terms and conditions.
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News
SiTime Acquires Clock Products from Aura Semiconductor
Rhea-AI Summary
SiTime Corporation has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license its clock IP. The all-cash transaction is valued at $148 million, with potential earnouts capped at $120 million. SiTime aims to transform the timing market and plans to offer both clock and oscillator products for the communications, datacenter, and AI markets. The acquisition will bring 20 best-in-class clocks initially, with another 20 expected by the end of 2024. The deal is set to close by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.96%
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acquisition
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SiTime Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
SiTime Corporation announces financial results for Q3 2023 with net revenue of $35.5 million, a 28.1% increase from Q2 2023. GAAP gross margins were $19.9 million, or 56.1% of revenue. GAAP net loss was $18.1 million, or $0.81 per basic share. Non-GAAP gross margins were $20.7 million, or 58.2% of revenue. Non-GAAP net income was $1.4 million, or $0.06 per diluted share. SiTime granted 18,057 restricted stock unit awards to newly hired non-executive individuals. Conference call to discuss financial results will be held on November 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.96%
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earnings
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SiTime Appoints Beth Howe as Executive Vice President and Chief Financial Officer; Art Chadwick Announces Retirement
Rhea-AI Summary
Beth Howe has been named SiTime's executive vice president and chief financial officer (CFO), effective November 8, 2023. Art Chadwick will step down as CFO and retire, effective November 7, 2023. Beth will be responsible for overseeing all aspects of the company's financial management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.96%
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management
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SiTime Corporation to Announce Third Quarter 2023 Financial Results on November 1, 2023
Rhea-AI Summary
SiTime Corporation (Nasdaq: SITM) to announce Q3 2023 financial results on November 1, 2023, after market close. Conference call with CEO and CFO to discuss results at 2:00 p.m. Pacific Time.
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End-of-Day
4.69%
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earnings
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SiTime Transforms Precision Timing with New Epoch Platform
Rhea-AI Summary
SiTime announces the SiTime Epoch Platform, unlocking a $2 billion served addressable market in the next decade
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End-of-Day
-1.22%
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SiTime Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.68%
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earnings
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SiTime Corporation to Announce Second Quarter 2023 Financial Results on August 2, 2023
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Rhea-AI Sentiment
End-of-Day
-0.92%
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earnings
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SpotSee Forms Life Science Advisory Council with Global Industry Leaders
Rhea-AI Summary
SpotSee has formed its inaugural Life Science Advisory Council, consisting of globally recognized experts. The council will contribute to the company's product development, regulatory, and business strategies in the life science sector. The three board members bring extensive industry knowledge and experience to SpotSee.
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6.07%
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SiTime to Present at the Stifel 2023 Cross Sector Insight Conference
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-2.49%
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conferences
Stock SITM logo
SiTime Corporation

Nasdaq:SITM

SITM Rankings

#1631 Ranked by Market Cap
#1259 Ranked by Stock Gains
N/A Ranked by Dividends

SITM Stock Data

2.84B
18.02M
20.77%
83.04%
5.48%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
SANTA CLARA

About SITM

sitime corporation is the leader in mems-based timing. we are transforming the timing industry with configurable solutions that replace legacy quartz devices and enable customers to differentiate their products with the highest performance, smallest size, lowest power and best reliability. the rich feature set and flexibility of sitime’s solutions allow customers to consolidate their supply-chain, reducing cost of ownership and time to market. by using standard semiconductor processes and high volume packaging, sitime offers the best availability and shortest lead times in the industry. with 90% market share and over 1 billion devices shipped, sitime is driving the electronics industry to use 100% silicon-based timing. sitime is a wholly owned subsidiary of megachips corporation (tokyo stock exchange: 6875).