Legal & General Group Plc Purchases Shares of 30,442 SiTime Corporation $SITM

Posted by Brenda Bartman on Aug 30th, 2026

Legal & General Group Plc acquired a new position in shares of 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 fund acquired 30,442 shares of the company’s stock, valued at approximately $22,696,000. Legal & General Group Plc owned approximately 0.10% of SiTime as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SITM. Vanguard Group Inc. grew its holdings in SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after buying an additional 61,336 shares in the last quarter. BlackRock Inc. bought a new position in SiTime during the 2nd quarter valued at $1,781,937,000. Invesco Ltd. boosted its holdings in SiTime by 1.8% during the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after acquiring an additional 18,165 shares during the last quarter. State Street Corp boosted its holdings in SiTime by 3.7% during the 2nd quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after acquiring an additional 32,178 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of SiTime by 22.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after acquiring an additional 132,948 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

Insiders Place Their Bets

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the completion of the transaction, the chief executive officer directly owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the sale, the director directly owned 12,481 shares of the company’s stock, valued at $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 66,840 shares of company stock valued at $47,960,638 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Needham & Company LLC increased their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Benchmark began coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, SiTime presently has a consensus rating of “Buy” and an average target price of $761.25.

Read Our Latest Analysis on SiTime

SiTime Stock Performance

NASDAQ SITM opened at $557.86 on Friday. The company has a market capitalization of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a 52-week low of $222.12 and a 52-week high of $901.81. The company has a 50-day simple moving average of $620.85 and a 200 day simple moving average of $557.68.

SiTime (NASDAQ:SITM – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating 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 firm had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts predict that SiTime Corporation will post 6.33 EPS for the current year.

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.