San Diego, CA — (SBWIRE) — 02/16/2021 — An investigation was announced concerning potential securities laws violations by SiTime Corporation in connection with certain financial statements.
Investors who purchased shares of SiTime Corporation (NASDAQ: SITM), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by SiTime Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Santa Clara, CA based SiTime Corporation, a semiconductor company, provides silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. SiTime Corporation reported that its annual Total Revenue declined from $85.21 million in 2018 to $84.07 million in 2019, and that its Net Loss declined from $9.34 million in 2018 to $6.6 million in 2019.
Shares of SiTime Corporation (NASDAQ: SITM) closed on February 12, 2021, at $144.17 per share.
Those who purchased shares of SiTime Corporation (NASDAQ: SITM) have certain options and should contact the Shareholders Foundation.
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