California State Teachers Retirement System Buys 18,753,510 Shares of SiTime Corporation $SITM

Key Points

• California State Teachers Retirement System increased its SiTime stake by 18.75 million shares, bringing its ownership to 62.45% of the company. Institutional investors collectively own 84.31% of SITM.
• SiTime reported quarterly EPS of $2.34, beating estimates by $0.39, while revenue rose 126.5% year over year to $157.43 million. The company guided for third-quarter 2026 EPS of $3.50–$3.65.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $761.25, although insiders sold $18.3 million worth of shares over the past three months.

California State Teachers Retirement System grew its stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) by 73,098.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,779,165 shares of the company's stock after buying an additional 18,753,510 shares during the quarter. California State Teachers Retirement System owned 62.45% of SiTime worth $14,000,994,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SITM. BlackRock Inc. purchased a new position in SiTime in the second quarter worth $1,781,937,000. Norges Bank purchased a new stake in SiTime during the fourth quarter valued at about $83,977,000. Whale Rock Capital Management LLC raised its position in SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company's stock valued at $246,717,000 after purchasing an additional 218,038 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in SiTime by 61.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company's stock worth $198,808,000 after purchasing an additional 213,242 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in SiTime during the fourth quarter worth about $59,452,000. 84.31% of the stock is owned by institutional investors.

Insider Activity at SiTime

In related news, 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 transaction, the director directly owned 10,999 shares in the company, valued at $8,194,255. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajesh Vashist sold 5,000 shares of SiTime stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $750.00, for a total value of $3,750,000.00. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 24,550 shares of company stock worth $18,309,538 over the last three months. Corporate insiders own 1.40% of the company's stock.

SiTime Stock Performance

SiTime stock opened at $598.95 on Wednesday. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $18.01 billion, a PE ratio of 1,222.35 and a beta of 2.86. The firm has a fifty day simple moving average of $603.42 and a two-hundred day simple moving average of $566.74. SiTime Corporation has a twelve month low of $243.25 and a twelve month high of $901.81.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to analysts' expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company's revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

SITM has been the subject of a number of research reports. Wall Street Zen upgraded SiTime from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Zacks Research raised SiTime from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. Benchmark initiated coverage on SiTime in a research report on Wednesday, August 19th. They issued a "buy" rating and a $850.00 target price for the company. Needham & Company LLC upped their target price on SiTime from $850.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, UBS Group upped their target price on SiTime from $775.00 to $840.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $761.25.

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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