Hsbc Holdings PLC Takes Position in SiTime Corporation $SITM

Hsbc Holdings PLC bought a new stake in SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,963 shares of the company’s stock, valued at approximately $13,680,000. Hsbc Holdings PLC owned about 0.06% of SiTime as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SITM. Global Retirement Partners LLC bought a new stake in SiTime in the second quarter valued at approximately $48,000. Parallel Advisors LLC lifted its position in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of SiTime during the 2nd quarter worth approximately $57,000. Quantbot Technologies LP bought a new position in shares of SiTime during the 2nd quarter worth approximately $63,000. Finally, Allworth Financial LP acquired a new position in shares of SiTime during the 2nd quarter worth approximately $67,000. Institutional investors own 84.31% of the company’s stock.

Insider Activity at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. The trade was a 8.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 66,840 shares of company stock valued at $47,960,638. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SITM has been the topic of a number of research analyst reports. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. UBS Group increased their price objective on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Benchmark began coverage on shares of SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective on the stock. Finally, Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $706.67.

SiTime Price Performance

Shares of NASDAQ SITM opened at $599.89 on Friday. The firm has a market cap of $18.04 billion, a P/E ratio of 1,224.27 and a beta of 2.94. The business’s 50 day moving average is $624.27 and its 200-day moving average is $557.67. 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 Corporation has a 1-year low of $222.12 and a 1-year high of $901.81.

SiTime (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the previous year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities research analysts predict that SiTime Corporation will post 6.33 earnings per share for the current year.

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.