MRA Advisory Group acquired a new position in shares of SiTime Corporation (NASDAQ:SITM – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 950 shares of the company’s stock, valued at approximately $619,000.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of SiTime in the 1st quarter valued at approximately $33,000. Optiver Holding B.V. grew its holdings in shares of SiTime by 433.3% during the 1st quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock valued at $44,000 after purchasing an additional 104 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of SiTime during the 2nd quarter valued at approximately $48,000. Finally, Persistent Asset Partners Ltd acquired a new position in SiTime during the 2nd quarter worth approximately $57,000. 84.31% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Katherine Schuelke sold 500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the completion of the transaction, the director directly owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This trade represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the transaction, the insider directly owned 66,861 shares in the company, valued at $46,872,904.05. The trade was a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,924 shares of company stock valued at $10,056,661 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on SiTime
SiTime Trading Down 4.9%
NASDAQ:SITM traded down $34.78 during mid-day trading on Wednesday, hitting $676.28. 139,478 shares of the company’s stock were exchanged, compared to its average volume of 470,423. SiTime Corporation has a fifty-two week low of $243.68 and a fifty-two week high of $901.81. 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 market capitalization of $20.34 billion, a P/E ratio of 1,376.60 and a beta of 2.88. The company has a 50 day simple moving average of $619.65 and a 200-day simple moving average of $603.21.
SiTime (NASDAQ:SITM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.39. The firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company’s revenue was up 126.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts expect that SiTime Corporation will post 6.37 earnings per share for the current year.
About SiTime
SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.
The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.
Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.
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