Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Holdings in SiTime Corporation $SITM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,600 shares of the company’s stock, valued at approximately $13,122,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SiTime by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after purchasing an additional 61,336 shares in the last quarter. Invesco Ltd. raised its stake in shares of SiTime by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after purchasing an additional 18,165 shares during the period. State Street Corp lifted its holdings in shares of SiTime by 3.7% in the second quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after purchasing an additional 32,178 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SiTime by 22.0% in 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. Finally, Whale Rock Capital Management LLC boosted its position in shares of SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after buying an additional 218,038 shares during the period. Institutional investors own 84.31% of the company’s stock.

Analyst Ratings Changes

SITM has been the subject of a number of research reports. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $400.00 to $850.00 in a report on Thursday, May 7th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Benchmark assumed coverage on SiTime in a research report on Wednesday. They set a “buy” rating and a $850.00 price target for the company. UBS Group raised their price target on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $706.67.

Insider Transactions at SiTime

In other SiTime news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the sale, the director owned 10,999 shares in the company, valued at $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Torsten Kreindl sold 1,050 shares of the business’s stock in a transaction on Friday, August 7th. The stock was 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 in the company, valued at $9,007,163.27. This represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 68,340 shares of company stock worth $49,029,718. 1.40% of the stock is owned by insiders.

SiTime Stock Down 3.2%

SITM stock opened at $598.81 on Friday. 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 stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,222.06 and a beta of 2.94. The business’s fifty day moving average price is $635.80 and its two-hundred day moving average price is $550.04. SiTime Corporation has a fifty-two week low of $217.64 and a fifty-two week high of $901.81.

SiTime (NASDAQ:SITM) last released 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. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm’s quarterly revenue was up 126.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities 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.