Toth Financial Advisory Corp Has $844,000 Holdings in SiTime Corporation $SITM

Toth Financial Advisory Corp raised its position in shares of SiTime Corporation (NASDAQ:SITM) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the company’s stock after buying an additional 1,400 shares during the period. Toth Financial Advisory Corp’s holdings in SiTime were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Wedmont Private Capital bought a new stake in SiTime during the 3rd quarter worth approximately $205,000. Corient Private Wealth LLC acquired a new position in SiTime in the second quarter worth $289,000. Texas Permanent School Fund Corp grew its holdings in shares of SiTime by 202.1% during the second quarter. Texas Permanent School Fund Corp now owns 18,591 shares of the company’s stock worth $3,961,000 after purchasing an additional 12,437 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of SiTime by 3,957.0% during the second quarter. Osaic Holdings Inc. now owns 12,252 shares of the company’s stock worth $2,609,000 after purchasing an additional 11,950 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of SiTime by 9.4% in the second quarter. Thrivent Financial for Lutherans now owns 15,359 shares of the company’s stock valued at $3,273,000 after buying an additional 1,319 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

SiTime Trading Up 2.2%

SiTime stock opened at $366.61 on Friday. The firm has a market capitalization of $9.57 billion, a P/E ratio of -123.85 and a beta of 2.55. The business has a 50-day moving average of $305.99 and a 200-day moving average of $259.61. SiTime Corporation has a 1 year low of $105.40 and a 1 year high of $387.52.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. The business had revenue of $83.57 million for the quarter, compared to analyst estimates of $78.08 million. SiTime had a negative net margin of 25.18% and a negative return on equity of 5.69%. SiTime’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Research analysts anticipate that SiTime Corporation will post -2.44 EPS for the current fiscal year.

Insider Activity

In other news, insider Samsheer Ahamad sold 4,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $291.10, for a total value of $1,164,400.00. Following the completion of the transaction, the insider owned 51,711 shares of the company’s stock, valued at $15,053,072.10. The trade was a 7.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fariborz Assaderaghi sold 1,500 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $291.58, for a total transaction of $437,370.00. Following the completion of the sale, the insider owned 84,815 shares of the company’s stock, valued at approximately $24,730,357.70. This represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,500 shares of company stock valued at $8,555,310. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SITM has been the topic of a number of research analyst reports. Raymond James Financial reissued an “outperform” rating on shares of SiTime in a report on Tuesday, December 2nd. Roth Capital reiterated a “buy” rating and issued a $350.00 price objective on shares of SiTime in a research report on Thursday, November 6th. UBS Group boosted their price objective on SiTime from $355.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research note on Wednesday, October 8th. Finally, Needham & Company LLC boosted their price target on shares of SiTime from $250.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $343.13.

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.