Toth Financial Advisory Corp Sells 1,400 Shares of SiTime Corporation $SITM

Toth Financial Advisory Corp trimmed its stake in shares of SiTime Corporation (NASDAQ:SITM) by 50.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company’s stock after selling 1,400 shares during the quarter. Toth Financial Advisory Corp’s holdings in SiTime were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SITM. Parallel Advisors LLC increased its holdings in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after buying an additional 16 shares in the last quarter. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in SiTime in the fourth quarter valued at about $33,000. USA Financial Formulas bought a new position in SiTime in the first quarter valued at about $33,000. Finally, Danske Bank A S bought a new position in SiTime in the fourth quarter valued at about $35,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

Shares of SITM stock opened at $557.86 on Friday. SiTime Corporation has a one year low of $222.12 and a one year high of $901.81. The business’s 50 day simple moving average is $620.85 and its 200 day simple moving average is $557.68. The stock 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 current ratio of 19.44 and a quick ratio of 18.50.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business’s quarterly revenue was up 126.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Christine Heckart sold 1,290 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total value of $903,000.00. Following the transaction, the director owned 790 shares of the company’s stock, valued at approximately $553,000. This trade represents a 62.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajesh Vashist sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 402,898 shares of the company’s stock, valued at $282,483,874.74. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,840 shares of company stock worth $47,960,638 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. UBS Group lifted 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. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $400.00 to $850.00 in a report on Thursday, May 7th. Finally, 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. Two investment 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 company. According to MarketBeat, SiTime has an average rating of “Buy” and a consensus target price of $761.25.

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.