The Manufacturers Life Insurance Company Purchases Shares of 15,868 SiTime Corporation $SITM

The Manufacturers Life Insurance Company purchased a new stake in SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 15,868 shares of the company’s stock, valued at approximately $11,831,000.

Several other large investors also recently made changes to their positions in SITM. Global Retirement Partners LLC acquired a new stake in shares of SiTime during the second quarter worth $48,000. Parallel Advisors LLC boosted its stake in SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the period. Persistent Asset Partners Ltd acquired a new position in SiTime in the 2nd quarter worth $57,000. Quantbot Technologies LP acquired a new position in SiTime in the 2nd quarter worth $63,000. Finally, Allworth Financial LP bought a new position in SiTime during the 2nd quarter worth about $67,000. Institutional investors own 84.31% of the company’s stock.

Insider Buying and Selling

In other news, Director Christine Heckart sold 1,290 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $700.00, for a total value of $903,000.00. Following the completion of the transaction, the director owned 790 shares in the company, valued at $553,000. This trade represents a 62.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raman Chitkara sold 2,000 shares of SiTime 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 sale, the director directly owned 19,898 shares in the company, valued at approximately $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. Insiders have sold 66,840 shares of company stock worth $47,960,638 over the last three months. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SITM has been the topic of several recent research reports. Benchmark began coverage on SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. Needham & Company LLC upped their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $761.25.

SiTime Stock Performance

Shares of SITM opened at $557.86 on Friday. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 1,138.49 and a beta of 2.94. SiTime Corporation has a 12 month low of $222.12 and a 12 month high of $901.81. The firm has a fifty day simple moving average of $620.85 and a 200 day simple moving average of $557.68. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) 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 firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the business earned $0.47 EPS. The company’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. Research analysts forecast that SiTime Corporation will post 6.33 EPS for the current fiscal 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.