Styrax Capital LP Has $11.18 Million Stock Holdings in SiTime Corporation $SITM

Styrax Capital LP reduced its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 83.3% in the second quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the company’s stock after selling 75,000 shares during the period. SiTime makes up 0.7% of Styrax Capital LP’s investment portfolio, making the stock its 18th largest holding. Styrax Capital LP’s holdings in SiTime were worth $11,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 16 shares in the last quarter. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. USA Financial Formulas bought a new stake in SiTime during the 1st quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SiTime in the fourth quarter worth approximately $33,000. Finally, Danske Bank A S bought a new position in shares of SiTime in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Price Performance

SITM opened at $612.09 on Friday. SiTime Corporation has a fifty-two week low of $229.64 and a fifty-two week high of $901.81. The firm has a 50-day moving average of $608.32 and a 200 day moving average of $563.01. 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 $18.41 billion, a P/E ratio of 1,249.16 and a beta of 2.86.

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.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group lifted their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Needham & Company LLC upped their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $761.25.

Insider Activity at SiTime

In related news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction that occurred on 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 sale, the director owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. The trade was a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,550 shares of company stock worth $18,309,538 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

SiTime 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.