Wasatch Advisors LP Sells 20,384 Shares of SiTime Corporation $SITM

Wasatch Advisors LP reduced its holdings in SiTime Corporation (NASDAQ:SITM) by 70.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,713 shares of the company’s stock after selling 20,384 shares during the period. Wasatch Advisors LP’s holdings in SiTime were worth $6,496,000 as of its most recent filing with the Securities & Exchange Commission.

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

SiTime Stock Up 2.0%

Shares of NASDAQ:SITM opened at $680.52 on Thursday. The firm has a market capitalization of $20.46 billion, a PE ratio of 1,388.82 and a beta of 2.94. The business has a 50 day simple moving average of $635.71 and a two-hundred day simple moving average of $536.59. SiTime Corporation has a 1 year low of $204.60 and a 1 year high of $901.81. 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 issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities analysts predict that SiTime Corporation will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SITM. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. Needham & Company LLC lifted their price objective on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Roth Capital reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. UBS Group increased their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $688.75.

Insider Buying and Selling at SiTime

In other news, insider Fariborz Assaderaghi sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $702.90, for a total transaction of $702,900.00. Following the completion of the sale, the insider directly owned 78,936 shares of the company’s stock, valued at approximately $55,484,114.40. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction 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 directly owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This represents a 9.13% 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. In the last 90 days, insiders sold 69,759 shares of company stock valued at $50,046,035. 1.40% of the stock is owned by company insiders.

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.