MRA Advisory Group Makes New $619,000 Investment in SiTime Corporation $SITM

MRA Advisory Group acquired a new position in shares of SiTime Corporation (NASDAQ:SITM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 950 shares of the company’s stock, valued at approximately $619,000.

A number of other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in SiTime in the second quarter valued at $48,000. Parallel Advisors LLC grew its holdings in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the period. Persistent Asset Partners Ltd bought a new position in shares of SiTime in the 2nd quarter worth about $57,000. Quantbot Technologies LP bought a new position in shares of SiTime in the 2nd quarter worth about $63,000. Finally, Allworth Financial LP acquired a new position in shares of SiTime in the 2nd quarter valued at about $67,000. Institutional investors own 84.31% of the company’s stock.

Analyst Ratings Changes

SITM has been the topic of several research analyst reports. Weiss Ratings lowered SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. Benchmark began coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target on the stock. UBS Group raised their price objective 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. Finally, Seaport Research Partners began coverage on shares of SiTime in a research note on Tuesday, September 22nd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $717.78.

Insiders Place Their Bets

In other SiTime news, insider Fariborz Assaderaghi sold 1,374 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the transaction, the insider directly owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,924 shares of company stock worth $10,056,661 in the last quarter. Insiders own 1.40% of the company’s stock.

SiTime Stock Down 4.9%

Shares of SITM traded down $34.78 during trading hours on Wednesday, hitting $676.28. The stock had a trading volume of 139,478 shares, compared to its average volume of 470,423. SiTime Corporation has a 1-year low of $243.68 and a 1-year high of $901.81. The firm has a market capitalization of $20.34 billion, a P/E ratio of 1,376.60 and a beta of 2.88. The firm has a 50 day simple moving average of $619.65 and a 200-day simple moving average of $603.21. 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 results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts predict that SiTime Corporation will post 6.37 EPS for the current fiscal year.

SiTime Profile

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.