An investigation on behalf of investors of SiTime Corporation (NASDAQ: SITM) shares over potential securities laws violations by SiTime Corporation and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SiTime Corporation (NASDAQ: SITM) concerning 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 4, 2021, at $129.66 per share.