64,642 Shares in SiTime Corporation $SITM Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC purchased a new stake in SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,642 shares of the company’s stock, valued at approximately $48,194,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in SiTime during the 4th quarter valued at about $83,977,000. Whale Rock Capital Management LLC raised its stake in shares of SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after purchasing an additional 218,038 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after purchasing an additional 213,242 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of SiTime in the fourth quarter valued at approximately $59,452,000. Finally, Bank of New York Mellon Corp bought a new position in shares of SiTime in the second quarter valued at approximately $123,264,000. Institutional investors own 84.31% of the company’s stock.

Insider Activity at SiTime

In related news, insider Fariborz Assaderaghi sold 1,000 shares of SiTime stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $702.90, for a total value of $702,900.00. Following the sale, the insider owned 78,936 shares of the company’s stock, valued at approximately $55,484,114.40. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajesh Vashist sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $750.00, for a total value of $3,750,000.00. Following the completion of the transaction, the chief executive officer owned 9,781 shares in the company, valued at approximately $7,335,750. The trade was a 33.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 69,759 shares of company stock worth $50,046,035 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

SiTime Price Performance

SITM opened at $749.44 on Tuesday. SiTime Corporation has a fifty-two week low of $204.60 and a fifty-two week high of $901.81. The firm has a 50-day moving average of $638.75 and a 200 day moving average of $544.35. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The firm has a market cap of $22.54 billion, a P/E ratio of 1,529.47 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced 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. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC upped their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Barclays upgraded 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 note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. Finally, UBS Group increased their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $688.75.

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.