Renaissance Technologies LLC Buys 3,200 Shares of SiTime Corporation $SITM

Renaissance Technologies LLC raised its stake in shares of SiTime Corporation (NASDAQ:SITM) by 33.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,840 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Renaissance Technologies LLC’s holdings in SiTime were worth $4,434,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SITM. Rakuten Securities Inc. increased its holdings in SiTime by 188.5% during the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC boosted its holdings 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 purchasing an additional 16 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in SiTime in the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of SiTime during the 4th quarter valued at $35,000. 84.31% of the stock is currently owned by institutional investors.

SiTime Stock Performance

SiTime stock opened at $687.50 on Friday. The firm’s fifty day moving average price is $636.23 and its 200-day moving average price is $527.52. The stock has a market cap of $18.15 billion, a P/E ratio of 1,403.06 and a beta of 2.94. SiTime Corporation has a fifty-two week low of $192.00 and a fifty-two week high of $901.81.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (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 4.86%. The company had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’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, analysts predict that SiTime Corporation will post 3.23 earnings per share for the current year.

Insider Transactions at SiTime

In related news, insider Fariborz Assaderaghi sold 1,709 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $731.49, for a total value of $1,250,116.41. Following the completion of the sale, the insider owned 81,436 shares in the company, valued at $59,569,619.64. The trade was a 2.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Akira Takata sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $860.86, for a total value of $1,291,290.00. Following the completion of the sale, the director directly owned 12,234 shares of the company’s stock, valued at approximately $10,531,761.24. This represents a 10.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,709 shares of company stock worth $50,230,546. Company insiders own 1.40% of the company’s stock.

Key SiTime News

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q2 results exceeded expectations: SiTime reported adjusted EPS of $2.34, ahead of the roughly $1.95 consensus, while revenue rose 126.5% year over year to $157.4 million, surpassing estimates of approximately $146.5 million. SiTime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Q3 outlook dramatically topped forecasts: Management guided for $285 million-$295 million in revenue and EPS of $3.50-$3.65, well above consensus expectations of approximately $163.8 million and $1.90, respectively. The outlook reflects stronger orders, higher timing content and improving visibility into 2027. SiTime Q2 Earnings Beat Estimates, Revenues Increase Year over Year
• Positive Sentiment: AI and data-center demand are supporting growth: The earnings call highlighted AI infrastructure and time-sensitive networking, or TPD, as key drivers of the expected revenue acceleration. Growth in connected electronic devices and the company’s Renesas relationship also strengthened the forward outlook. SITM Q2 Earnings Call Points to AI Growth and TPD Upside
• Positive Sentiment: Analyst support added momentum: Needham raised its SiTime price target from $850 to $900 and maintained a Buy rating, signaling confidence that the earnings outlook could justify additional upside. SiTime Price Target Raised at Needham
• Neutral Sentiment: SiTime also benefited from a broader rebound in semiconductor stocks, although its elevated valuation—with a reported P/E ratio above 277—leaves the shares sensitive to any slowdown in AI-related demand or failure to meet the aggressive guidance.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Needham & Company LLC boosted their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group upped their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SiTime currently has an average rating of “Moderate Buy” and a consensus target price of $688.75.

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.