Amundi Has $615,000 Holdings in SiTime Corporation $SITM

Key Points

• Amundi cut its SiTime stake by 64.3% in the first quarter, selling 3,201 shares and retaining 1,780 shares worth approximately $615,000. Institutional investors collectively own 84.31% of the company.
• Analyst sentiment remains broadly positive: eight analysts rate SiTime a Buy, with an average price target of $688.75; UBS, Needham, and Goldman Sachs set targets as high as $900.
• SiTime reported a strong quarter, with revenue rising 126.5% year over year to $157.43 million and EPS of $2.34, beating estimates. However, the stock opened down 4.9%, while insiders sold roughly $49.7 million of shares in the past quarter.

Amundi lessened its stake in SiTime Corporation (NASDAQ:SITM - Free Report) by 64.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,780 shares of the company's stock after selling 3,201 shares during the quarter. Amundi's holdings in SiTime were worth $615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in SiTime by 12.5% during the first quarter. Royal Bank of Canada now owns 4,411 shares of the company's stock valued at $675,000 after purchasing an additional 491 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of SiTime by 33.6% in the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company's stock valued at $54,000 after buying an additional 88 shares during the period. AQR Capital Management LLC grew its holdings in shares of SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company's stock valued at $1,557,000 after buying an additional 8,136 shares during the period. Intech Investment Management LLC increased its position in shares of SiTime by 21.6% in the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company's stock valued at $1,272,000 after buying an additional 1,477 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in SiTime during the 2nd quarter worth $240,000. Institutional investors own 84.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SITM. UBS Group boosted their target price on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a research note on Thursday. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SiTime in a research report on Friday, July 17th. Wall Street Zen raised SiTime from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $900.00 target price on shares of SiTime in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $688.75.

SiTime Stock Down 4.9%

NASDAQ:SITM opened at $689.96 on Tuesday. The stock has a 50-day simple moving average of $637.03 and a 200 day simple moving average of $532.31. SiTime Corporation has a 52-week low of $199.12 and a 52-week high of $901.81. The company has a market cap of $20.75 billion, a PE ratio of 1,408.08 and a beta of 2.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44.

SiTime (NASDAQ:SITM - Get Free Report) last released its quarterly 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. The firm had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business's revenue was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts expect that SiTime Corporation will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rajesh Vashist sold 30,000 shares of SiTime stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total value of $21,033,900.00. Following the sale, the chief executive officer owned 402,898 shares of the company's stock, valued at approximately $282,483,874.74. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the sale, the director owned 12,481 shares in the company, valued at $9,007,163.27. The trade was a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,259 shares of company stock valued at $49,697,010 in the last quarter. Company insiders own 1.40% of the company's stock.

SiTime Profile

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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