HighTower Advisors LLC Has $12.03 Million Stake in SiTime Corporation $SITM

HighTower Advisors LLC lowered its position in SiTime Corporation (NASDAQ:SITM) by 17.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,135 shares of the company’s stock after selling 3,428 shares during the period. HighTower Advisors LLC owned 0.05% of SiTime worth $12,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SITM. Parallel Advisors LLC increased its stake in shares of SiTime by 26.2% during 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 last quarter. Larson Financial Group LLC increased its position in SiTime by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of SiTime in the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of SiTime during the 4th quarter worth about $33,000. Finally, Optiver Holding B.V. increased its holdings in shares of SiTime by 433.3% during the 1st quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock valued at $44,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark initiated coverage on shares of SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. Weiss Ratings upgraded shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. UBS Group boosted their target price on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC raised their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report 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 research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $761.25.

SiTime Trading Down 1.5%

Shares of SiTime stock opened at $589.87 on Thursday. SiTime Corporation has a 52-week low of $243.68 and a 52-week high of $901.81. The firm has a market capitalization of $17.74 billion, a PE ratio of 1,203.82 and a beta of 2.86. 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 fifty day moving average price is $601.14 and its two-hundred day moving average price is $568.10.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping 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 revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Insider Buying and Selling

In other news, CEO Rajesh Vashist sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $750.00, for a total value of $3,750,000.00. Following the transaction, the chief executive officer directly owned 9,781 shares of the company’s stock, valued at $7,335,750. The trade was a 33.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction 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 directly owned 10,999 shares of the company’s stock, valued at $8,194,255. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,550 shares of company stock worth $18,309,538 in the last three months. Company insiders own 1.40% of the company’s stock.

About SiTime

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.