18,963 Shares in SiTime Corporation $SITM Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC bought 18,963 SiTime shares worth approximately $13.68 million, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 84.31% of the company.
• SiTime reported quarterly EPS of $2.34, exceeding estimates of $1.95, while revenue rose 126.5% year over year to $157.43 million. The company issued third-quarter 2026 EPS guidance of $3.50–$3.65.
• Analysts maintain a favorable outlook, with SiTime carrying an average “Buy” rating and a $761.25 target price. Shares opened at $598.95, while insiders have sold 24,550 shares worth $18.31 million over the past three months.

Hsbc Holdings PLC purchased a new stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,963 shares of the company's stock, valued at approximately $13,680,000. Hsbc Holdings PLC owned about 0.06% of SiTime as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SITM. Parallel Advisors LLC boosted its position in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company's stock valued at $27,000 after buying an additional 16 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of SiTime by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company's stock valued at $3,187,000 after acquiring an additional 25 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of SiTime by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 703 shares of the company's stock valued at $249,000 after acquiring an additional 39 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of SiTime by 7.7% in the second quarter. Lazard Asset Management LLC now owns 654 shares of the company's stock worth $139,000 after acquiring an additional 47 shares during the period. Finally, Saturna Capital Corp raised its holdings in shares of SiTime by 5.2% during the fourth quarter. Saturna Capital Corp now owns 1,010 shares of the company's stock worth $357,000 after purchasing an additional 50 shares during the last quarter. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Stock Performance

Shares of NASDAQ:SITM opened at $598.95 on Wednesday. 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 Corporation has a 1 year low of $243.25 and a 1 year high of $901.81. The firm has a market capitalization of $18.01 billion, a PE ratio of 1,222.35 and a beta of 2.86. The business's 50 day moving average price is $603.42 and its 200-day moving average price is $566.74.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the firm posted $0.47 EPS. The firm'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. As a group, equities research analysts expect that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SITM shares. Benchmark initiated coverage on shares of SiTime in a report on Wednesday, August 19th. They issued a "buy" rating and a $850.00 price target on the stock. Needham & Company LLC boosted their price target on SiTime from $850.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a "buy" rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. 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 note on Thursday, August 6th. Finally, Wall Street Zen raised shares of SiTime from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SiTime has an average rating of "Buy" and an average target price of $761.25.

Insiders Place Their Bets

In other news, Director Katherine Schuelke sold 500 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director directly owned 12,010 shares in the company, valued at $8,383,580.50. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raman Chitkara sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the sale, the director directly owned 19,898 shares of the company's stock, valued at approximately $14,473,407.24. This represents a 9.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 24,550 shares of company stock worth $18,309,538. 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.

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