Mirador Capital Partners LP Takes $2.44 Million Position in SiTime Corporation $SITM

Mirador Capital Partners LP acquired a new position in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,274 shares of the company’s stock, valued at approximately $2,441,000.

Several other large investors have also made changes to their positions in SITM. Rakuten Securities Inc. grew its position in SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC raised its holdings in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the period. Larson Financial Group LLC raised its holdings in shares of 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 during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of SiTime in the 4th quarter valued at about $33,000. Finally, Danske Bank A S acquired a new position in shares of SiTime in the 4th quarter valued at about $35,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Price Performance

Shares of NASDAQ SITM opened at $543.12 on Thursday. SiTime Corporation has a 1-year low of $187.56 and a 1-year high of $901.81. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -537.74 and a beta of 2.94. The business has a 50-day moving average of $637.07 and a 200-day moving average of $525.29.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. SiTime had a positive return on equity of 0.53% and a negative net margin of 6.38%.The company’s revenue was up 126.5% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts expect that SiTime Corporation will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SITM shares. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Needham & Company LLC lifted their price target on shares of SiTime from $450.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $800.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Finally, UBS Group raised their target price on shares of SiTime from $675.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $661.88.

Insider Buying and Selling

In other news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the sale, the director owned 19,898 shares in the company, valued at $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the chief executive officer owned 9,781 shares of the company’s stock, valued at $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 69,709 shares of company stock valued at $50,230,546 over the last three months. 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.