Illinois Municipal Retirement Fund Purchases 1,382 Shares of SiTime Corporation $SITM

Illinois Municipal Retirement Fund grew its position in shares of SiTime Corporation (NASDAQ:SITM) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,747 shares of the company’s stock after purchasing an additional 1,382 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in SiTime were worth $3,238,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SITM. American Century Companies Inc. bought a new stake in SiTime during the 2nd quarter worth approximately $64,873,000. Ameriprise Financial Inc. raised 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 purchasing an additional 132,948 shares during the last quarter. Fortress Investment Group LLC acquired a new position in SiTime during the 2nd quarter worth about $22,182,000. Geode Capital Management LLC grew its position in shares of SiTime by 11.2% in the 2nd quarter. Geode Capital Management LLC now owns 506,400 shares of the company’s stock valued at $107,918,000 after buying an additional 51,063 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of SiTime during the second quarter worth about $10,267,000. Institutional investors own 84.31% of the company’s stock.

SiTime Trading Down 0.7%

Shares of SITM opened at $420.23 on Monday. The stock has a 50 day moving average of $369.02 and a 200 day moving average of $304.98. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -230.90 and a beta of 2.51. SiTime Corporation has a 12 month low of $105.40 and a 12 month high of $446.95.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. The firm had revenue of $113.29 million during the quarter, compared to the consensus estimate of $101.91 million. SiTime had a negative return on equity of 2.06% and a negative net margin of 13.13%.The business’s revenue for the quarter was up 66.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, equities research analysts predict that SiTime Corporation will post -2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SITM shares. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a report on Thursday, January 22nd. Stifel Nicolaus set a $450.00 price target on SiTime in a report on Thursday, February 5th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial reiterated an “outperform” rating on shares of SiTime in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group started coverage on SiTime in a report on Monday, December 15th. They issued a “buy” rating and a $420.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $409.38.

Insider Activity at SiTime

In related news, Director Akira Takata sold 3,500 shares of SiTime stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $431.73, for a total value of $1,511,055.00. Following the sale, the director owned 13,734 shares of the company’s stock, valued at approximately $5,929,379.82. The trade was a 20.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Fariborz Assaderaghi sold 2,112 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $428.08, for a total value of $904,104.96. Following the completion of the transaction, the insider owned 97,937 shares in the company, valued at approximately $41,924,870.96. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 24,712 shares of company stock worth $9,562,777. 2.30% of the stock is currently owned by corporate insiders.

Key Headlines Impacting SiTime

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q4 beat and strong revenue growth — SiTime reported $1.53 EPS vs. $1.20 expected and revenue of $113.3M (up ~66% YoY), providing a clear near‑term fundamental tailwind. Earnings & data
• Positive Sentiment: Analyst support — multiple brokerages have Buy/Outperform calls and raised targets (UBS, Needham, Stifel, Barclays among them), giving a consensus “Moderate Buy” and average target near $409, which supports longer‑term upside. Analyst coverage
• Neutral Sentiment: High institutional ownership and momentum — institutions hold ~84% of shares and the stock has traded near 52‑week highs, which can amplify moves in either direction. Ownership data
• Neutral Sentiment: Business exposure — SiTime’s MEMS timing products serve telecom, data center, automotive and industrial markets (structurally attractive but still cyclical with semiconductor demand). Company profile
• Negative Sentiment: Large insider sale by Samsheer Ahamad — sold 9,100 shares (~$4.02M) on Feb 11, a ~14.7% reduction in his stake; sizable single‑day sellings often weigh on sentiment. Insider sale
• Negative Sentiment: Additional insider/director selling — Director sale reported at ~$1.51M plus Fariborz Assaderaghi sold 2,112 shares (~$904k) and 500 shares (~$208k) across Feb 10–11; multiple Form 4s increase near‑term selling pressure and may raise investor questions. Director sale SEC filing

SiTime 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.