46,707 Shares of SiTime Corporation $SITM Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 46,707 SiTime shares worth approximately $30.5 million, representing about 0.16% of the company. Institutional investors and hedge funds collectively own 84.31% of SiTime.
• Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and an average price target of $721, although Zacks recently downgraded the stock to “Hold.”
• 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 stock opened at $417.90, well below its 52-week high of $901.81.

Mirae Asset Global Investments Co. Ltd. bought a new stake in SiTime Corporation (NASDAQ:SITM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,707 shares of the company's stock, valued at approximately $30,454,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of SiTime as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in SiTime during the 2nd quarter worth approximately $1,781,937,000. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 18,983 shares in the last quarter. Bank of America Corp DE grew its position in SiTime by 53.7% in the first quarter. Bank of America Corp DE now owns 151,021 shares of the company's stock valued at $52,155,000 after acquiring an additional 52,754 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in SiTime by 865.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company's stock valued at $27,344,000 after acquiring an additional 70,974 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in shares of SiTime during the second quarter valued at approximately $52,341,000. Institutional investors and hedge funds own 84.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of SiTime from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. UBS Group raised their price target on shares of SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Needham & Company LLC lifted their price target 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. Benchmark initiated coverage on shares of SiTime in a research note on Wednesday, August 19th. They set a "buy" rating and a $850.00 price target on the stock. Finally, Zacks Research lowered shares of SiTime from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $721.00.

SiTime Trading Down 6.5%

Shares of SITM opened at $417.90 on Tuesday. The company has a market capitalization of $12.57 billion, a P/E ratio of 255.70 and a beta of 2.88. SiTime Corporation has a one year low of $243.68 and a one year high of $901.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The stock has a 50-day moving average price of $577.25 and a 200 day moving average price of $545.35.

SiTime (NASDAQ:SITM - Get Free Report) last issued 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 firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the firm earned $0.47 EPS. SiTime's quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts forecast that SiTime Corporation will post 6.37 EPS for the current fiscal year.

Insider Activity at SiTime

In other news, Director Katherine Schuelke sold 500 shares of the 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 completion of the transaction, the director directly owned 12,010 shares in the company, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Frank sold 1,000 shares of the firm's stock in a transaction that occurred on 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 $8,194,255. The trade was a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,924 shares of company stock worth $10,056,661. 1.40% of the stock is currently owned by insiders.

SiTime 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.

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