Timothy G. Youngquist 2020 Irrevocable Trust Takes $2.70 Million Position in SiTime Corporation $SITM

Key Points

• Timothy G. Youngquist 2020 Irrevocable Trust acquired 3,625 SiTime shares worth approximately $2.70 million, representing about 0.5% of its portfolio.
• Institutional investors own 84.31% of SiTime, while insiders have sold 69,759 shares worth roughly $50 million over the past 90 days.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $688.75 price target. SiTime recently beat quarterly earnings and revenue estimates, reporting $2.34 EPS and $157.43 million in revenue, up 126.5% year over year.

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,625 shares of the company's stock, valued at approximately $2,703,000. SiTime comprises approximately 0.5% of Timothy G. Youngquist 2020 Irrevocable Trust's portfolio, making the stock its 19th largest holding.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in SiTime by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company's stock valued at $997,904,000 after purchasing an additional 61,336 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of SiTime during the 2nd quarter worth about $1,781,937,000. Invesco Ltd. boosted its stake in shares of SiTime by 1.8% during the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company's stock worth $312,550,000 after purchasing an additional 18,165 shares during the last quarter. State Street Corp grew its holdings in shares of SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company's stock worth $194,176,000 after buying an additional 32,178 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company's stock worth $156,887,000 after buying an additional 132,948 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

Insider Activity

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 of the company's stock, valued at $282,483,874.74. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction 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 completion of the transaction, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,759 shares of company stock valued at $50,046,035 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SiTime in a research note on Friday, July 17th. Needham & Company LLC lifted their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. UBS Group boosted their price target on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Barclays raised SiTime from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $688.75.

SiTime Stock Down 9.3%

SITM opened at $680.06 on Wednesday. SiTime Corporation has a 12 month low of $204.60 and a 12 month high of $901.81. The business has a 50-day moving average of $639.16 and a two-hundred day moving average of $546.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The stock has a market capitalization of $20.45 billion, a price-to-earnings ratio of 1,387.88 and a beta of 2.94.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings data 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 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 firm posted $0.47 EPS. The company's revenue 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 6.33 earnings per share for the current year.

SiTime Company 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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