UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 9,241 Shares of SiTime Corporation $SITM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in SiTime Corporation (NASDAQ:SITM) by 21.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,949 shares of the company’s stock after buying an additional 9,241 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SiTime were worth $38,731,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in SiTime by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock valued at $128,545,000 after buying an additional 13,577 shares during the last quarter. Tairen Capital Ltd bought a new stake in SiTime in the 2nd quarter worth $9,320,000. Stephens Investment Management Group LLC purchased a new position in shares of SiTime in the first quarter valued at about $24,135,000. Rockefeller Capital Management L.P. raised its stake in shares of SiTime by 1,368.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after acquiring an additional 1,688 shares during the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

SiTime Price Performance

Shares of NASDAQ SITM opened at $574.47 on Friday. SiTime Corporation has a 1 year low of $222.77 and a 1 year high of $901.81. 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 company’s 50-day moving average is $609.52 and its 200 day moving average is $562.66. The stock has a market capitalization of $17.27 billion, a P/E ratio of 1,172.39 and a beta of 2.86.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping 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 analyst estimates of $146.46 million. During the same period last year, the business posted $0.47 earnings per share. SiTime’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. On average, sell-side analysts expect that SiTime Corporation will post 6.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Needham & Company LLC increased their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. UBS Group upped their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $761.25.

Insider Transactions at SiTime

In related news, CEO Rajesh Vashist sold 15,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $750.20, for a total value of $11,253,000.00. Following the sale, the chief executive officer directly owned 387,898 shares of the company’s stock, valued at $291,001,079.60. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. This trade represents a 8.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,550 shares of company stock worth $18,309,538. 1.40% of the stock is owned by insiders.

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.