SiTime Corporation $SITM Stock Position Raised by North Dakota State Investment Board

North Dakota State Investment Board raised its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 176.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,809 shares of the company’s stock after purchasing an additional 1,154 shares during the quarter. North Dakota State Investment Board’s holdings in SiTime were worth $1,180,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of SiTime in the second quarter valued at $1,781,937,000. Bank of New York Mellon Corp raised its position in shares of SiTime by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company’s stock valued at $128,796,000 after purchasing an additional 18,983 shares during the period. Bamco Inc. NY acquired a new stake in shares of SiTime during the 2nd quarter worth about $52,341,000. Bank of America Corp DE lifted its stake in shares of SiTime by 53.7% during the 1st quarter. Bank of America Corp DE now owns 151,021 shares of the company’s stock worth $52,155,000 after buying an additional 52,754 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of SiTime during the 2nd quarter worth about $48,194,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Stock Down 8.4%

SITM stock opened at $447.06 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 249.02 and a beta of 2.88. The business’s fifty day moving average price is $581.19 and its two-hundred day moving average price is $545.02. SiTime Corporation has a fifty-two week low of $243.68 and a fifty-two week high of $901.81.

SiTime (NASDAQ:SITM) last posted its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same quarter last year, the firm earned $0.47 earnings per share. The company’s revenue 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 anticipate that SiTime Corporation will post 6.37 earnings per share for the current year.

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 12,000 shares of SiTime stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $603.47, for a total value of $7,241,640.00. Following the completion of the sale, the chief executive officer owned 345,544 shares in the company, valued at $208,525,437.68. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the completion of the sale, the director owned 12,481 shares of the company’s stock, valued at $9,007,163.27. This trade represents a 7.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,924 shares of company stock valued at $10,056,661 in the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SITM. 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 report on Thursday, August 6th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Rosenblatt Securities began coverage on shares of SiTime in a research report on Tuesday, October 20th. They set a “buy” rating and a $750.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Finally, Benchmark began coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, SiTime has an average rating of “Moderate Buy” and an average target price of $721.00.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.