10% Shareholder MegaChips Files Intent to Sell $320M in SiTime Stock
SITM has more than doubled off its 52-week low of $186.49.
Summary
A major 10% shareholder, MegaChips Corp, has filed to sell $320 million worth of SiTime stock, signaling a significant potential reduction in its stake.
Key Events · Ownership and Investor Activity · SITM
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Intent to Sell Significant Stake
MegaChips Corp, a 10% stockholder, filed a Form 144 to sell 400,000 shares of SiTime common stock.
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Substantial Transaction Value
The proposed sale is valued at approximately $320 million, representing about 1.46% of SiTime's current market capitalization.
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Part of Ongoing Distribution
This filing is part of a broader pattern of Form 144 filings by insiders over the last 90 days, indicating continued distribution.
Analysis · SITM · Manufacturing
MegaChips Corp, a 10% shareholder, has filed a Form 144 indicating its intent to sell 400,000 shares of SiTime common stock, valued at approximately $320 million. This represents a significant potential disposition by a major investor, which could create selling pressure on the stock. This follows a pattern of multiple Form 144 filings from various insiders over the past 90 days, indicating ongoing distribution.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 29.9% of the 1939 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SITM was trading at $832.70 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $22B. The 52-week trading range was $186.49 to $901.81. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.