Bank of America Corp DE Raises Stock Holdings in SiTime Corporation $SITM

Key Points

• Bank of America increased its SiTime stake by 53.7% in the first quarter, adding 52,754 shares to own 151,021 shares worth approximately $52.2 million. Institutional investors collectively own 84.31% of the company.
• SiTime reported quarterly EPS of $2.34, beating 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.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $688.75, although insiders sold 69,259 shares worth nearly $49.7 million over the past 90 days.

Bank of America Corp DE boosted its stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) by 53.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,021 shares of the company's stock after purchasing an additional 52,754 shares during the quarter. Bank of America Corp DE owned about 0.57% of SiTime worth $52,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the transaction, the chief executive officer owned 402,898 shares in the company, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of SiTime stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the completion of the sale, the director directly owned 790 shares in the company, valued at $553,000. This represents a 62.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,259 shares of company stock worth $49,697,010 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

SiTime Stock Down 3.3%

SITM opened at $667.10 on Wednesday. SiTime Corporation has a fifty-two week low of $204.30 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. The company has a fifty day moving average of $636.35 and a two-hundred day moving average of $534.35. The stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of 1,361.43 and a beta of 2.94.

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. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the prior year, the company posted $0.47 EPS. The company'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. On average, research analysts expect that SiTime Corporation will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SiTime in a report on Friday, July 17th. Needham & Company LLC raised their price target on shares of SiTime from $850.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of SiTime from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Stifel Nicolaus boosted their target price on shares of SiTime from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $688.75.

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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