Meiji Yasuda Asset Management Co Ltd. Invests $2.37 Million in SiTime Corporation $SITM

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of SiTime Corporation (NASDAQ:SITM) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,179 shares of the company’s stock, valued at approximately $2,370,000.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in SiTime in the 2nd quarter worth about $1,781,937,000. Norges Bank purchased a new stake in shares of SiTime during the 4th quarter valued at about $83,977,000. Whale Rock Capital Management LLC grew its stake in shares of SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after acquiring an additional 218,038 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of SiTime by 61.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after purchasing an additional 213,242 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of SiTime during the fourth quarter valued at approximately $59,452,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SITM. UBS Group increased their price objective on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. The Goldman Sachs Group restated a “buy” rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. Finally, Benchmark started coverage on SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $706.67.

SiTime Stock Down 5.5%

Shares of SITM stock opened at $580.97 on Tuesday. SiTime Corporation has a 12 month low of $222.12 and a 12 month high of $901.81. The stock has a market cap of $17.47 billion, a P/E ratio of 1,185.65 and a beta of 2.94. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of $630.27 and a two-hundred day simple moving average of $553.35.

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 net margin of 3.01% and a return on equity of 4.99%. The business had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter last year, the company posted $0.47 EPS. The company’s revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts expect that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Transactions at SiTime

In other SiTime news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was 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 of the company’s stock, valued at approximately $8,194,255. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the sale, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,340 shares of company stock worth $49,029,718 over the last three months. 1.40% of the stock is currently owned by insiders.

About SiTime

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.