Bamco Inc. NY bought a new stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,204 shares of the company's stock, valued at approximately $52,341,000. Bamco Inc. NY owned 0.23% of SiTime at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 16 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after buying an additional 96 shares during the last quarter. USA Financial Formulas acquired a new position in SiTime in the first quarter valued at $33,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of SiTime during the fourth quarter worth about $33,000. Finally, Danske Bank A S acquired a new position in shares of SiTime in the 4th quarter valued at $35,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at SiTime
In related news, Director Katherine Schuelke sold 500 shares of the firm'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 value of $349,025.00. Following the sale, the director owned 12,010 shares of the company's stock, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Torsten Kreindl sold 1,050 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the sale, the director directly owned 12,481 shares in the company, valued at $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 68,340 shares of company stock worth $49,029,718. Corporate insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Roth Capital reaffirmed a "buy" rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. Barclays raised SiTime from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Benchmark initiated coverage on SiTime in a research note on Wednesday, August 19th. They issued a "buy" rating and a $850.00 target price on the stock. UBS Group raised their price target 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, Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $706.67.
Check Out Our Latest Analysis on SITM
SiTime Stock Performance
Shares of SITM stock opened at $596.97 on Thursday. The stock has a market capitalization of $17.95 billion, a price-to-earnings ratio of 1,218.31 and a beta of 2.94. The company's 50-day simple moving average is $626.85 and its 200-day simple moving average is $556.40. 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 Corporation has a one year low of $222.12 and a one year high of $901.81.
SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the previous year, the business earned $0.47 EPS. The business'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. Equities analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.
SiTime Profile
(
Free Report)
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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