Pacer Advisors Inc. Acquires Shares of 2,623 SiTime Corporation $SITM

Key Points

• Pacer Advisors acquired 2,623 SiTime shares worth approximately $906,000 during the first quarter. Institutional investors and hedge funds collectively own 84.31% of the company.
• SiTime exceeded quarterly expectations with adjusted EPS of $2.34 and revenue of $157.43 million, up 126.5% year over year. Management issued significantly stronger third-quarter guidance, including EPS of $3.50–$3.65 and revenue of $285–$295 million.
• Analyst sentiment remains broadly positive: eight analysts rate the stock Buy, while Needham raised its price target to $900. SiTime shares opened at $725.28, although the stock trades at a very elevated price-to-earnings ratio of 1,480.16.

Pacer Advisors Inc. acquired a new position in shares of SiTime Corporation (NASDAQ:SITM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,623 shares of the company's stock, valued at approximately $906,000.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of SiTime by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 363,953 shares of the company's stock worth $128,545,000 after buying an additional 13,577 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in SiTime during the 1st quarter valued at $24,135,000. Rockefeller Capital Management L.P. boosted its stake in SiTime by 1,368.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company's stock valued at $1,151,000 after acquiring an additional 3,037 shares during the last quarter. Janus Henderson Group PLC grew its holdings in SiTime by 13.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,448 shares of the company's stock worth $4,994,000 after acquiring an additional 1,688 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in SiTime during the 1st quarter worth $2,429,000. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Stock Performance

NASDAQ:SITM opened at $725.28 on Monday. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of 1,480.16 and a beta of 2.94. 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 1 year low of $195.75 and a 1 year high of $901.81. The business has a fifty day moving average of $636.53 and a 200-day moving average of $530.01.

SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $157.43 million for the quarter, compared to analysts' expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company's revenue was up 126.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts predict that SiTime Corporation will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SITM. Barclays upgraded shares of SiTime from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a "buy" rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday. Needham & Company LLC boosted their price objective on SiTime from $850.00 to $900.00 and gave the company a "buy" rating in a report on Thursday. Zacks Research cut SiTime from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Wall Street Zen raised SiTime from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $688.75.

SiTime News Summary

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: SiTime reported second-quarter adjusted earnings of $2.34 per share, above estimates of approximately $1.93–$1.95, while revenue rose 126.5% year over year to $157.4 million, exceeding expectations of about $146.5 million. SiTime Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company issued significantly stronger third-quarter guidance, calling for revenue of $285 million to $295 million and EPS of $3.50 to $3.65, well above consensus revenue of roughly $163.8 million and EPS of $1.90. SiTime Q2 Earnings Beat Estimates, Revenues Increase Year Over Year
• Positive Sentiment: Management highlighted accelerating demand for timing products in AI infrastructure and timing performance devices, with higher content per system, longer customer orders, and improving visibility into 2027. A Renesas relationship was also cited as supporting the outlook. SITM Q2 Earnings Call Points to AI Growth and TPD Upside
• Positive Sentiment: Needham raised its SiTime price target from $850 to $900 and maintained a Buy rating, reinforcing bullish analyst sentiment following the results. SiTime Price Target Raised at Needham
• Neutral Sentiment: SITM also benefited from a broader recovery in chip stocks, which may have amplified the positive reaction beyond the company-specific earnings catalysts. MACOM, SiTime Jump as Chip Stocks Stage Comeback

Insider Activity

In related news, Director Raman Chitkara sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the transaction, the director owned 19,898 shares in the company, valued at $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Akira Takata sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $860.86, for a total value of $1,291,290.00. Following the completion of the sale, the director owned 12,234 shares of the company's stock, valued at $10,531,761.24. This trade represents a 10.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,709 shares of company stock worth $50,230,546 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

About SiTime

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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