Megachips /Fi Corp (10% Owner) sold 400,000 shares of SITM at $779.50 for $311.8M on 2026-05-14
Megachips /Fi Corp, a 10% shareholder, executed a substantial $311.8M sale of 400,000 shares at $779.50, reducing holdings from 3.42M to 3.02M shares (-11.7%). The transaction occurred near SITM's 52-week high of $901.81, with the stock currently trading at $725.59 (-19.5% from peak). SITM remains unprofitable with $-5.2M net income on $113.6M quarterly revenue, though the company posted +61.2% annual revenue growth. At SITM specifically, Megachips executed 4 prior open-market sales; the 3 with measurable 90-day outcomes posted returns of +60.7%, +41.8%, and +20.2%, indicating the stock rose after each prior sale. The 30-day price movement post-filing is +44.1%, reflecting strength in the security since the transaction date.
MEGACHIPS CORP (10% owner) sold 400,000 shares of SITM at $255.60 on 2025-11-20 for $102,240,000, reducing stake to 3.42M shares.
A substantial stake sale: the 10% owner divested 400,000 shares (reducing holdings by -10.5% vs pre-transaction) at $255.60, generating $102.2M in proceeds. At current price of $267.87, the sale occurred 21.2% below the 52-week high, though the stock has risen 11.2% over the prior 90 days. Notably, this seller's prior sales at SITM have not been well-timed; both measurable prior sales at this ticker (2025-03-13 and 2024-05-21) were followed by positive 90-day returns of +41.8% and +20.2% respectively, indicating the seller exited before subsequent gains. The company's latest quarterly revenue is $83.6M with net income of $-8.0M, and full-year profitability remains negative despite strong annual revenue growth of +40.8%.
10% owner MEGACHIPS CORP /FI sold 180,000 shares of SITM at $152.00 for $27.4M; stock down 34.7% from 52-week high.
MEGACHIPS CORP /FI, a 10% owner, sold 180,000 shares (4.5% of pre-transaction holdings) at $152.00 on 2025-03-13, reducing ownership to 3,820,000 shares. The sale occurred at a price now 10.8% above the current price of $170.46, and the stock has declined 34.7% from its 52-week high of $261.03, with a 90-day drawdown of 31.4%. At the same ticker, this insider's 2 prior sells resulted in 90-day returns of +20.2% and +24.2% respectively—both unfavorable timing outcomes (stock rose after sale). Fundamentals show the company is unprofitable (net income $-19.3M in latest quarter) despite strong annual revenue growth of 40.8%, operating at a $4.0B market cap. The current price decline and negative near-term momentum suggest the market is reassessing the company's path to profitability; this large block sale by a major stakeholder warrants attention to whether it reflects changed conviction about execution risk or valuation.
