SITIME CORPORATION

(SITM)
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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
198.22 USD   +1.33%
05/05SITIME CORP Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
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05/04SITIME : Q1 Earnings Snapshot
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05/04SiTime Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2022
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SiTime Corporation Announces Completion of Follow-on Public Offering

11/15/2021 | 04:07pm EDT

SANTA CLARA, Calif., Nov. 15, 2021 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), a leader in MEMS timing, today announced the completion of its follow-on public offering of 2,300,000 shares of its common stock at a price to the public of $225.00 per share, including the full exercise of the underwriters’ option to purchase additional shares from SiTime. MegaChips Corporation sold 1,000,000 shares of common stock and SiTime issued and sold 1,300,000 shares of common stock in the offering. After deducting underwriting discounts and commissions and estimated offering expenses payable by SiTime, the net proceeds to SiTime were approximately $279.0 million. SiTime did not receive any proceeds from the sale of shares of common stock by MegaChips Corporation.

Barclays, Credit Suisse, and Stifel are joint lead book-running managers for the offering. Needham & Company, Raymond James, Roth Capital Partners, and William Blair are co-managers for the offering.

A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission on February 16, 2021, and became effective upon filing. The offering was made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (888) 603-5847 or by email at Barclaysprospectus@broadridge.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, or by telephone at 1-800-221-1037 or by email at usa.prospectus@credit-suisse.com; or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SiTime

SiTime Corporation is a market leader in silicon MEMS timing. Our programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With over 2 billion devices shipped, SiTime is changing the timing industry.

Investor Relations Contacts:

Shelton Group
Leanne Sievers | Brett Perry
949-224-3874 | 214-272-0070
sheltonir@sheltongroup.com 

SiTime Corporation
Art Chadwick
Chief Financial Officer
investor.relations@sitime.com 


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Source: SiTime

2021 GlobeNewswire, Inc., source Press Releases

All news about SITIME CORPORATION
05/05SITIME CORP Management's Discussion and Analysis of Financial Condition and Results of..
AQ
05/04SITIME : Q1 Earnings Snapshot
AQ
05/04SiTime Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2..
CI
05/04TRANSCRIPT : SiTime Corporation, Q1 2022 Earnings Call, May 04, 2022
CI
05/04Earnings Flash (SITM) SITIME Posts Q1 Revenue $70.3M, vs. Street Est of $65M
MT
05/04Earnings Flash (SITM) SITIME Reports Q1 EPS $0.94
MT
05/04Earnings Flash (SITM) SITIME Reports Q1 EPS $0.94, vs. Street Est of $0.77
MT
05/04Earnings Flash (SITM) SITIME Posts Q1 Revenue $70.3M, vs. Street Est of $65M
MT
05/04SiTime Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/04SiTime Reports First Quarter 2022 Financial Results
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Financials (USD)
Sales 2022 328 M - -
Net income 2022 38,4 M - -
Net Debt 2022 - - -
P/E ratio 2022 117x
Yield 2022 -
Capitalization 4 171 M 4 171 M -
Capi. / Sales 2022 12,7x
Capi. / Sales 2023 10,3x
Nbr of Employees 279
Free-Float 74,7%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 198,22 $
Average target price 297,00 $
Spread / Average Target 49,8%
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Managers and Directors
Rajesh Vashist Chairman, President & Chief Executive Officer
Arthur D. Chadwick Chief Financial Officer & Executive VP
Markus Lutz Chief Technology Officer
Aaron Partridge Chief Scientist
Fariborz Assaderaghi Executive Vice President-Technology & Engineering
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