Wellington Management Group LLP Has $176.01 Million Stock Holdings in SiTime Corporation $SITM

Wellington Management Group LLP decreased its position in SiTime Corporation (NASDAQ:SITM - Free Report) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,078 shares of the company's stock after selling 53,306 shares during the quarter. Wellington Management Group LLP owned approximately 0.79% of SiTime worth $176,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of SiTime during the 2nd quarter worth $1,781,937,000. Invesco Ltd. raised its holdings in SiTime by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company's stock worth $312,550,000 after acquiring an additional 18,165 shares during the period. State Street Corp raised its holdings in SiTime by 3.7% in the 2nd quarter. State Street Corp now owns 911,280 shares of the company's stock worth $194,176,000 after acquiring an additional 32,178 shares during the period. Ameriprise Financial Inc. lifted its position in SiTime by 22.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company's stock worth $156,887,000 after acquiring an additional 132,948 shares during the last quarter. Finally, Whale Rock Capital Management LLC boosted its holdings in SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company's stock valued at $246,717,000 after acquiring an additional 218,038 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SITM shares. UBS Group raised their price target on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Roth Capital reissued a "buy" rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Wall Street Zen upgraded SiTime from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. Needham & Company LLC raised their target price on SiTime from $850.00 to $900.00 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 lifted their price target for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $761.25.

Insider Activity

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total value of $21,033,900.00. Following the completion of the transaction, the chief executive officer owned 402,898 shares of the company's stock, valued at $282,483,874.74. This represents a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director owned 19,898 shares of the company's stock, valued at $14,473,407.24. This represents a 9.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 65,550 shares of company stock valued at $47,057,638. Corporate insiders own 1.40% of the company's stock.

SiTime Stock Performance

NASDAQ SITM opened at $565.42 on Tuesday. 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 firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 1,153.92 and a beta of 2.94. The company's fifty day moving average is $617.09 and its two-hundred day moving average is $559.73. SiTime Corporation has a 52-week low of $222.12 and a 52-week high of $901.81.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) 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 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 previous 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. Equities research analysts forecast that SiTime Corporation will post 6.33 EPS 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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