Summit Global Investments Invests $906,000 in SiTime Corporation $SITM

Posted by Brenda Bartman on Aug 15th, 2026

Summit Global Investments acquired a new stake in SiTime Corporation (NASDAQ:SITM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,215 shares of the company’s stock, valued at approximately $906,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SITM. Vanguard Group Inc. lifted its stake in SiTime by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after purchasing an additional 61,336 shares during the last quarter. Invesco Ltd. grew its stake in shares of SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after buying an additional 18,165 shares during the last quarter. State Street Corp increased its holdings in shares of SiTime by 3.7% in the second quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after buying an additional 32,178 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of SiTime by 22.0% in the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after buying an additional 132,948 shares during the period. Finally, Whale Rock Capital Management LLC lifted its stake in shares of SiTime by 45.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after acquiring an additional 218,038 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

SiTime stock opened at $711.91 on Friday. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $637.05 and a 200-day moving average of $540.22. The firm has a market cap of $21.41 billion, a P/E ratio of 1,452.88 and a beta of 2.94. SiTime Corporation has a 1-year low of $204.60 and a 1-year high of $901.81.

SiTime (NASDAQ:SITM – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.SiTime’s quarterly revenue was up 126.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Insider Transactions at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the sale, the director directly owned 19,898 shares in the company, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their position. The sale was disclosed in a 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 Katherine Schuelke sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total value of $349,025.00. Following the transaction, the director directly owned 12,010 shares in the company, valued at $8,383,580.50. This trade represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 69,759 shares of company stock worth $50,046,035. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SITM shares. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $400.00 to $850.00 in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Needham & Company LLC raised their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, SiTime has a consensus rating of “Moderate Buy” and a consensus price target of $688.75.

Read Our Latest Stock Report on SITM

SiTime Company 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.