Congress Asset Management Co. Buys New Shares in SiTime Corporation $SITM

Key Points

• Congress Asset Management Co. bought 32,002 SiTime shares worth approximately $20.9 million, representing about 0.11% of the company at the end of the third quarter.
• Institutional investors own 84.31% of SiTime, with several major funds—including BlackRock and Bank of New York Mellon—also establishing or expanding positions.
• Analysts maintain a consensus “Buy” rating with a $717.78 price target. SiTime recently exceeded quarterly EPS and revenue estimates, while insiders have sold approximately $10.1 million of stock over the past 90 days.

Congress Asset Management Co. purchased a new stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 32,002 shares of the company's stock, valued at approximately $20,866,000. Congress Asset Management Co. owned about 0.11% of SiTime at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SITM. BlackRock Inc. purchased a new stake in SiTime during the second quarter worth about $1,781,937,000. Bank of New York Mellon Corp purchased a new stake in shares of SiTime during the 2nd quarter worth approximately $123,264,000. Summit Partners Public Asset Management LLC raised its holdings in shares of SiTime by 4,231.9% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 123,958 shares of the company's stock worth $43,781,000 after purchasing an additional 126,958 shares during the period. Styrax Capital LP bought a new stake in shares of SiTime in the 4th quarter worth approximately $31,825,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in SiTime by 865.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company's stock valued at $27,344,000 after purchasing an additional 70,974 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SITM has been the subject of several research reports. Wall Street Zen lowered SiTime from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, August 6th. Seaport Research Partners initiated coverage on SiTime in a research report on Tuesday, September 22nd. They set a "neutral" rating on the stock. Morgan Stanley began coverage on SiTime in a report on Thursday, September 17th. They issued an "overweight" rating and a $370.00 price objective for the company. Finally, UBS Group boosted their price objective on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SiTime presently has a consensus rating of "Buy" and a consensus price target of $717.78.

Insider Buying and Selling at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,374 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the transaction, the insider directly owned 66,861 shares of the company's stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director owned 12,010 shares of the company's stock, valued at $8,383,580.50. This trade represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,924 shares of company stock worth $10,056,661. 1.40% of the stock is owned by corporate insiders.

SiTime Price Performance

Shares of NASDAQ SITM opened at $711.06 on Wednesday. The stock has a market cap of $21.38 billion, a PE ratio of 1,451.14 and a beta of 2.88. SiTime Corporation has a fifty-two week low of $243.68 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 stock has a fifty day moving average of $619.65 and a 200-day moving average of $603.21.

SiTime (NASDAQ:SITM - Get Free Report) last released 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. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities research analysts anticipate that SiTime Corporation will post 6.37 earnings per share for the current year.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

The company's portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.

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