NasdaqGM:SITMSemiconductor
A Look At SiTime (SITM) Valuation After Upsized US$1.2b Convertible Notes For Renesas Timing Asset Deal
SiTime (SITM) has put fresh attention on its stock by upsizing a planned offering of convertible senior notes to US$1.2b, a financing move tied to the acquisition of timing business assets from Renesas Electronics.
See our latest analysis for SiTime.
The upsized note issuance and a stretch of insider tax-withholding trades have come after a sharp run, with SiTime’s share price returning 96.93% year to date and 640.93% total shareholder return over five years. However, the recent six day sell...