Freestone Grove Partners LP Acquires Shares of 13,772 SiTime Corporation $SITM

Freestone Grove Partners LP bought a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,772 shares of the company’s stock, valued at approximately $10,268,000.

Several other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of SiTime by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of SiTime in the 4th quarter worth approximately $33,000. USA Financial Formulas bought a new stake in shares of SiTime in the 1st quarter worth approximately $33,000. Finally, Danske Bank A S purchased a new stake in shares of SiTime in the 4th quarter worth approximately $35,000. 84.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, May 7th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, SiTime has a consensus rating of “Buy” and an average price target of $706.67.

SiTime Trading Up 0.5%

Shares of NASDAQ:SITM opened at $599.89 on Friday. The stock has a 50 day moving average of $624.27 and a 200 day moving average of $557.67. The company has a market cap of $18.04 billion, a PE ratio of 1,224.27 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 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 released its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter last year, the business earned $0.47 EPS. The firm’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. As a group, equities research analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Insider Activity

In other SiTime news, Director Torsten Kreindl sold 1,050 shares of the 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 completion of the sale, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the director owned 10,999 shares of the company’s stock, valued at $8,194,255. The trade was a 8.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 66,840 shares of company stock worth $47,960,638. 1.40% of the stock is currently 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.