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

Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,625 shares of the company’s stock, valued at approximately $2,703,000. SiTime makes up approximately 0.5% of Timothy G. Youngquist 2020 Irrevocable Trust’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Meeder Advisory Services Inc. acquired a new position in SiTime during the second quarter valued at approximately $203,000. Citizens Financial Group Inc. RI acquired a new stake in shares of SiTime in the second quarter worth $211,000. BlackRock Inc. acquired a new stake in shares of SiTime in the second quarter worth $1,781,937,000. Perigon Wealth Management LLC acquired a new stake in shares of SiTime in the second quarter worth $512,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of SiTime in the 2nd quarter valued at $48,194,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Trading Down 9.3%

NASDAQ SITM opened at $680.06 on Wednesday. The company’s fifty day simple moving average is $639.16 and its 200-day simple moving average is $546.60. SiTime Corporation has a 52 week low of $204.60 and a 52 week high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The stock has a market cap of $20.45 billion, a P/E ratio of 1,387.88 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly 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 predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Insider Buying and Selling

In other SiTime news, Director Raman Chitkara sold 2,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the sale, the director owned 12,481 shares of the company’s stock, valued at $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,759 shares of company stock worth $50,046,035 over the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Roth Capital restated a “buy” rating and set a $900.00 target price on shares of SiTime in a report on Thursday, May 7th. UBS Group increased 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. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $400.00 to $850.00 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. Finally, Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SiTime currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.75.

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.