Trillium Asset Management LLC Makes New Investment in SiTime Corporation $SITM

Key Points

• Trillium Asset Management purchased 15,560 SiTime shares worth approximately $11.6 million, acquiring a 0.05% stake. Institutional investors collectively own 84.31% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $706.67; several firms recently reiterated or upgraded SiTime to “Buy” or “Strong Buy.”
• SiTime reported quarterly EPS of $2.34, beating estimates of $1.95, while revenue surged 126.5% year over year to $157.43 million. However, insiders sold 68,340 shares worth about $49.0 million over the past 90 days.

Trillium Asset Management LLC purchased a new stake in SiTime Corporation (NASDAQ:SITM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,560 shares of the company's stock, valued at approximately $11,601,000. Trillium Asset Management LLC owned 0.05% of SiTime at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SITM. Vanguard Group Inc. boosted its position in shares of SiTime by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company's stock valued at $997,904,000 after acquiring an additional 61,336 shares in the last quarter. BlackRock Inc. acquired a new position in SiTime in the second quarter worth about $1,781,937,000. Invesco Ltd. lifted its stake in SiTime by 1.8% during the third 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 period. State Street Corp lifted its stake in 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 purchasing an additional 32,178 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company's stock valued at $156,887,000 after purchasing an additional 132,948 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

Insiders Place Their Bets

In other SiTime news, Director Torsten Kreindl sold 1,050 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total value 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 represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Raman Chitkara sold 2,000 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the transaction, the director owned 19,898 shares in the company, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their position. 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 have sold a total of 68,340 shares of company stock valued at $49,029,718 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SITM. Roth Capital reiterated a "buy" rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. Wall Street Zen raised SiTime from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Zacks Research upgraded shares of SiTime from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Finally, Benchmark assumed coverage on SiTime in a report on Wednesday. They issued a "buy" rating and a $850.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $706.67.

SiTime Price Performance

SITM opened at $598.81 on Friday. The company has a fifty day moving average price of $635.80 and a two-hundred day moving average price of $550.04. The firm has a market capitalization of $18.01 billion, a PE ratio of 1,222.06 and a beta of 2.94. SiTime Corporation has a 52 week low of $217.64 and a 52 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.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $146.46 million. During the same quarter in the prior year, the business posted $0.47 EPS. The firm's quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

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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