SiTime EVP Lionel Bonnot sells $1.09m in common stock

On August 10, 2026, SiTime Corp's Executive Vice President of Worldwide Sales and Business Development, Lionel Bonnot, sold 1,500 shares of the company's common stock. The transaction, executed at a price of $725 per share, amounted to $1,087,500. Despite the sale, Bonnot now holds a total of 71,297 shares of SiTime common stock.

This figure comprises 65,813 shares from unvested restricted stock units and performance-based restricted stock units, with 23,215 shares subject to time-based vesting and 42,598 shares subject to performance-based vesting. According to InvestingPro, SiTime's stock is currently considered overvalued based on its Fair Value estimates.

SiTime Corp reported robust second-quarter earnings for 2026, with revenue increasing by 127% year over year to $157.4 million. The company's non-GAAP earnings per share reached $2.34, surpassing expectations of $1.95. SiTime's gross margins expanded to 67.1% from 58.2% the prior year, while its operating margins climbed to 34% from 10%.

The company also recently completed the acquisition of Renesas Timing Products Division, effective July 1, which is anticipated to bolster its scale and customer base. Needham has increased its price target for SiTime stock to $900 from $850, assigning a Buy rating to the stock, citing the company's strong performance and growth in the communications, enterprise, and data center segments.

SiTime's management remains confident in sustaining this growth through fiscal year 2027, supported by a robust backlog and 12-18 month visibility.