SiTime Shares Fall on $1.1B Senior Note Offering

Dow Jones05-19 23:56

By Elias Schisgall

Shares of SiTime fell after the company said it plans to sell $1.1 billion in senior notes.

Shares were down 4.8% to $690.63 in Tuesday morning trading. The stock has nearly doubled in value this year.

The precision timing technology company said it would use a portion of the proceeds to finance its acquisition of Renesas Electronics' timing business, which was announced in February.

Another portion will be used to pay for expected capped call transactions to limit share dilution associated with the note sale, the company said, with the rest going toward general corporate purposes.

The notes are unsecured convertible senior notes due 2031. The company said it plans to give the underwriters a 13-day option to purchase up to an additional $150 million to cover any over-allotments.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

May 19, 2026 11:56 ET (15:56 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2636689948?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-19 23:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2636689948","market":"nz","top_or_hot":-1,"title":"SiTime Shares Fall on $1.1B Senior Note Offering","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Elias Schisgall \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of SiTime fell after the company said it plans to sell $1.1 billion in senior notes. \n</p>\n<p>\n  Shares were down 4.8% to $690.63 in Tuesday morning trading. The stock has nearly doubled in value this year. \n</p>\n<p>\n  The precision timing technology company said it would use a portion of the proceeds to finance its acquisition of <a href=\"https://laohu8.com/S/RNECF\">Renesas Electronics</a>' timing business, which was announced in February. \n</p>\n<p>\n  Another portion will be used to pay for expected capped call transactions to limit share dilution associated with the note sale, the company said, with the rest going toward general corporate purposes. \n</p>\n<p>\n  The notes are unsecured convertible senior notes due 2031. The company said it plans to give the underwriters a 13-day option to purchase up to an additional $150 million to cover any over-allotments. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 11:56 ET (15:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SiTime Shares Fall on $1.1B Senior Note Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSiTime Shares Fall on $1.1B Senior Note Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-19 23:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Elias Schisgall \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of SiTime fell after the company said it plans to sell $1.1 billion in senior notes. \n</p>\n<p>\n  Shares were down 4.8% to $690.63 in Tuesday morning trading. The stock has nearly doubled in value this year. \n</p>\n<p>\n  The precision timing technology company said it would use a portion of the proceeds to finance its acquisition of <a href=\"https://laohu8.com/S/RNECF\">Renesas Electronics</a>' timing business, which was announced in February. \n</p>\n<p>\n  Another portion will be used to pay for expected capped call transactions to limit share dilution associated with the note sale, the company said, with the rest going toward general corporate purposes. \n</p>\n<p>\n  The notes are unsecured convertible senior notes due 2031. The company said it plans to give the underwriters a 13-day option to purchase up to an additional $150 million to cover any over-allotments. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 11:56 ET (15:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636689948","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636689948","pubTimestamp":1779206160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of SiTime fell after the company said it plans to sell $1.1 billion in senior notes.Shares were down 4.8% to $690.63 in Tuesday morning trading. The stock has nearly doubled in value this year.The precision timing technology company said it would use a portion of the proceeds to finance its acquisition of Renesas Electronics' timing business, which was announced in February.Another portion will be used to pay for expected capped call transactions to limit share dilution associated with the note sale, the company said, with the rest going toward general corporate purposes.The notes are unsecured convertible senior notes due 2031. The company said it plans to give the underwriters a 13-day option to purchase up to an additional $150 million to cover any over-allotments.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","SITM":"SiTime Corp","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"SiTime股价因1.1 B美元优先票据发行而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITM":0.9},"content_text":"By Elias Schisgall \n\n\n \n\n\n  Shares of SiTime fell after the company said it plans to sell $1.1 billion in senior notes. \n\n\n  Shares were down 4.8% to $690.63 in Tuesday morning trading. The stock has nearly doubled in value this year. \n\n\n  The precision timing technology company said it would use a portion of the proceeds to finance its acquisition of Renesas Electronics' timing business, which was announced in February. \n\n\n  Another portion will be used to pay for expected capped call transactions to limit share dilution associated with the note sale, the company said, with the rest going toward general corporate purposes. \n\n\n  The notes are unsecured convertible senior notes due 2031. The company said it plans to give the underwriters a 13-day option to purchase up to an additional $150 million to cover any over-allotments. \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2026 11:56 ET (15:56 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2636689948","isCrawlerRequest":true}