B. Metzler seel. Sohn & Co. AG Invests $4.98 Million in SiTime Corporation $SITM

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 6,675 SiTime shares in the second quarter, valued at approximately $4.98 million. Institutional investors collectively own 84.31% of the company.
• Analyst sentiment remains largely positive: UBS raised its price target to $840, Goldman Sachs set a $900 target, Benchmark initiated coverage with an $850 target, and Zacks upgraded the stock to “strong buy.”
• SiTime reported quarterly EPS of $2.34 versus the $1.95 consensus estimate, while revenue rose 126.5% year over year to $157.43 million. However, insiders sold about $49.0 million worth of shares over the past 90 days.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,675 shares of the company's stock, valued at approximately $4,977,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in SiTime by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company's stock worth $997,904,000 after acquiring an additional 61,336 shares in the last quarter. BlackRock Inc. bought a new stake in shares of SiTime during the second quarter valued at approximately $1,781,937,000. Invesco Ltd. lifted its holdings in shares of SiTime by 1.8% in the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company's stock worth $312,550,000 after buying an additional 18,165 shares in the last quarter. State Street Corp lifted its holdings in shares of SiTime by 3.7% in the second quarter. State Street Corp now owns 911,280 shares of the company's stock worth $194,176,000 after buying an additional 32,178 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of SiTime by 22.0% in the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company's stock worth $156,887,000 after buying an additional 132,948 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SiTime

In other news, CEO Rajesh Vashist sold 5,000 shares of SiTime stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $750.00, for a total value of $3,750,000.00. Following the sale, the chief executive officer owned 9,781 shares in the company, valued at $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,340 shares of company stock worth $49,029,718 in the last ninety days. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SITM shares. UBS Group boosted 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SiTime in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a "buy" rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Benchmark initiated coverage on shares of SiTime in a report on Wednesday. They set a "buy" rating and a $850.00 price target on the stock. Finally, Zacks Research upgraded SiTime from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $706.67.

SiTime Stock Up 2.7%

SITM opened at $614.83 on Friday. The company has a fifty day moving average of $633.50 and a two-hundred day moving average of $550.49. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 1,254.76 and a beta of 2.94. SiTime Corporation has a fifty-two week low of $221.52 and a fifty-two week 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.

SiTime (NASDAQ:SITM - Get Free Report) last posted its 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 net margin of 3.01% and a return on equity of 4.99%. The company's revenue for the quarter was up 126.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts expect that SiTime Corporation will post 6.33 earnings per share for the current year.

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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