Silvant Capital Management LLC purchased a new stake in SiTime Corporation (NASDAQ:SITM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,194 shares of the company’s stock, valued at approximately $9,091,000.
Several other large investors have also bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in shares of 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 purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC increased its position in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 16 shares during the last quarter. Larson Financial Group LLC lifted its holdings in SiTime by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. USA Financial Formulas purchased a new position in SiTime in the first quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in SiTime in the fourth quarter worth $33,000. 84.31% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. The Goldman Sachs Group restated a “buy” rating and set a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $706.67.
Insider Buying and Selling at SiTime
In other news, Director Edward H. Frank sold 1,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $745.00, for a total transaction of $745,000.00. Following the transaction, the director directly owned 10,999 shares in the company, valued at approximately $8,194,255. This represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the transaction, the director directly owned 12,481 shares in the company, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 68,340 shares of company stock valued at $49,029,718. 1.40% of the stock is currently owned by company insiders.
SiTime Price Performance
Shares of NASDAQ:SITM opened at $598.81 on Friday. The company’s fifty day moving average price is $635.80 and its 200-day moving average price is $550.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,222.06 and a beta of 2.94. SiTime Corporation has a one year low of $217.64 and a one year high of $901.81.
SiTime (NASDAQ:SITM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities research analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.
SiTime Company Profile
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.
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