Two Sigma Securities LLC trimmed its holdings in SiTime Corporation (NASDAQ:SITM – Free Report) by 77.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251 shares of the company’s stock after selling 4,311 shares during the quarter. Two Sigma Securities LLC’s holdings in SiTime were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of SiTime by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock valued at $128,545,000 after purchasing an additional 13,577 shares during the last quarter. Tairen Capital Ltd purchased a new stake in shares of SiTime in the 2nd quarter worth approximately $9,320,000. Stephens Investment Management Group LLC bought a new position in SiTime during the 1st quarter valued at approximately $24,135,000. Rockefeller Capital Management L.P. increased its position in SiTime by 1,368.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after buying an additional 3,037 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after buying an additional 1,688 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $400.00 to $850.00 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. Finally, Weiss Ratings raised shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $761.25.
SiTime Price Performance
NASDAQ SITM opened at $565.42 on Tuesday. SiTime Corporation has a one year low of $222.12 and a one year high of $901.81. The stock has a 50-day moving average of $617.09 and a 200 day moving average of $559.73. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 1,153.92 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 (NASDAQ:SITM – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The business had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.SiTime’s revenue was up 126.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts forecast that SiTime Corporation will post 6.33 EPS for the current year.
Insider Transactions at SiTime
In related news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the sale, the director owned 10,999 shares in the company, valued at approximately $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the completion of the sale, the director directly owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,550 shares of company stock valued at $47,057,638. Company 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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