13,527 Shares in SiTime Corporation $SITM Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, HoldingsChannel reports. The fund acquired 13,527 shares of the company’s stock, valued at approximately $10,085,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SITM. Vanguard Group Inc. raised its position in SiTime by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after purchasing an additional 61,336 shares during the last quarter. BlackRock Inc. bought a new stake in shares of SiTime in the 2nd quarter valued at about $1,781,937,000. Invesco Ltd. grew its position in shares of SiTime by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after buying an additional 18,165 shares during the last quarter. State Street Corp increased its stake in shares of SiTime by 3.7% in the second quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after buying an additional 32,178 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of SiTime by 22.0% in the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after buying an additional 132,948 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rajesh Vashist sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the sale, the chief executive officer owned 9,781 shares of the company’s stock, valued at approximately $7,335,750. The trade was a 33.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 66,840 shares of company stock worth $47,960,638. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SITM. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Benchmark initiated coverage on shares of SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 target price for the company. UBS Group raised their price target on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $706.67.

SiTime Price Performance

Shares of NASDAQ:SITM opened at $599.89 on Friday. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $624.27 and its 200-day moving average is $557.67. SiTime Corporation has a twelve month low of $222.12 and a twelve month high of $901.81. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 1,224.27 and a beta of 2.94.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.95 by $0.39. The firm had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company’s quarterly revenue was up 126.5% compared to the same quarter last year. During the same period in the prior year, the business 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.

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.