Osterweis Capital Management Inc. acquired a new stake in SiTime Corporation (NASDAQ:SITM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,670 shares of the company’s stock, valued at approximately $12,428,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of SiTime by 12.5% during the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after purchasing an additional 491 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of SiTime by 33.6% in the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock worth $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC increased its stake in SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after buying an additional 8,136 shares during the period. Intech Investment Management LLC increased its stake in SiTime by 21.6% in the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after buying an additional 1,477 shares during the period. Finally, M&T Bank Corp purchased a new position in SiTime in the 2nd quarter worth about $240,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on SITM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research report on Friday, July 17th. UBS Group raised their target price on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and set a $900.00 price target on shares of SiTime in a research note on Thursday, May 7th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Benchmark assumed coverage on SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $706.67.
SiTime Price Performance
NASDAQ SITM opened at $580.97 on Tuesday. The company has a market cap of $17.47 billion, a PE ratio of 1,185.65 and a beta of 2.94. The firm’s 50 day moving average price is $630.27 and its 200-day moving average price is $553.35. 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.
SiTime (NASDAQ:SITM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts forecast that SiTime Corporation will post 6.33 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Rajesh Vashist sold 30,000 shares of SiTime stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total value of $21,033,900.00. Following the transaction, the chief executive officer directly owned 402,898 shares in the company, valued at approximately $282,483,874.74. This trade represents a 6.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $700.00, for a total value of $903,000.00. Following the completion of the transaction, the director directly owned 790 shares of the company’s stock, valued at approximately $553,000. The trade was a 62.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 68,340 shares of company stock worth $49,029,718. Insiders own 1.40% of the company’s stock.
SiTime 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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