Lisanti Capital Growth LLC purchased a new position in SiTime Corporation (NASDAQ:SITM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,205 shares of the company's stock, valued at approximately $2,390,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in shares of SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock worth $26,000 after buying an additional 49 shares during the period. Parallel Advisors LLC raised its holdings in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 16 shares during the period. Larson Financial Group LLC lifted its position in shares of SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of SiTime in the 1st quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in SiTime in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 84.31% of the company's stock.
SiTime Price Performance
SITM opened at $618.71 on Thursday. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 1,262.67 and a beta of 2.94. SiTime Corporation has a 1 year low of $204.60 and a 1 year high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $638.25 and a 200 day moving average price of $548.38.
SiTime (NASDAQ:SITM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.47 EPS. The business's revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts forecast that SiTime Corporation will post 6.33 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SITM has been the topic of several research analyst reports. Needham & Company LLC lifted their price objective 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. Roth Capital restated a "buy" rating and issued a $900.00 target price on shares of SiTime in a report on Thursday, May 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SiTime in a research report on Friday, July 17th. Zacks Research upgraded SiTime from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SiTime currently has a consensus rating of "Moderate Buy" and an average price target of $688.75.
Read Our Latest Stock Report on SiTime
Insider Transactions at SiTime
In related news, 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 transaction of $757,753.50. Following the transaction, the director owned 12,481 shares of the company's stock, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fariborz Assaderaghi sold 1,709 shares of SiTime stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $731.49, for a total transaction of $1,250,116.41. Following the completion of the sale, the insider owned 81,436 shares of the company's stock, valued at $59,569,619.64. This trade represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,049 shares of company stock valued at $50,279,835 in the last ninety days. 1.40% of the stock is currently owned by insiders.
SiTime Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding SITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiTime Corporation (NASDAQ:SITM - Free Report).
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