State of Michigan Retirement System Invests $1.83 Million in SiTime Corporation $SITM

Posted by Francis Steltz on Jul 19th, 2026

State of Michigan Retirement System bought a new stake in SiTime Corporation (NASDAQ:SITM – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 5,300 shares of the company’s stock, valued at approximately $1,830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rakuten Securities Inc. raised its holdings in SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Larson Financial Group LLC grew its holdings in SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of SiTime in the 4th quarter worth about $33,000. Danske Bank A S bought a new stake in shares of SiTime in the 4th quarter worth about $35,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of SiTime in the 4th quarter valued at about $41,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SITM has been the topic of several research reports. Roth Capital restated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $800.00 price target on shares of SiTime in a report on Thursday, May 7th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Stifel Nicolaus lifted their price objective on shares of SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SiTime presently has an average rating of “Moderate Buy” and an average price target of $661.88.

Read Our Latest Stock Analysis on SiTime

Insider Transactions at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the sale, the director owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the sale, the director directly owned 790 shares in the company, valued at approximately $553,000. This trade represents a 62.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,709 shares of company stock valued at $50,230,546 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

SiTime Price Performance

Shares of SiTime stock opened at $554.97 on Friday. The business’s fifty day moving average price is $694.08 and its two-hundred day moving average price is $506.38. The company has a market capitalization of $14.65 billion, a P/E ratio of -549.48 and a beta of 2.91. SiTime Corporation has a 1-year low of $186.49 and a 1-year high of $901.81.

SiTime (NASDAQ:SITM – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.30. The business had revenue of $113.57 million during the quarter, compared to analysts’ expectations of $103.51 million. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The business’s revenue was up 88.3% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. On average, research analysts expect that SiTime Corporation will post 3.23 earnings per share for the current fiscal year.

SiTime Profile

(Free Report)

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.