Van ECK Associates Corp Has $11.18 Million Stake in SiTime Corporation $SITM

Van ECK Associates Corp boosted its holdings in SiTime Corporation (NASDAQ:SITM) by 32.6% in the second quarter, Holdings Channel reports. The firm owned 14,990 shares of the company’s stock after purchasing an additional 3,683 shares during the quarter. Van ECK Associates Corp’s holdings in SiTime were worth $11,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in SiTime by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock worth $128,545,000 after acquiring an additional 13,577 shares in the last quarter. Tairen Capital Ltd acquired a new position in SiTime during the second quarter valued at approximately $9,320,000. Stephens Investment Management Group LLC bought a new position in SiTime in the first quarter valued at approximately $24,135,000. Rockefeller Capital Management L.P. grew its stake in SiTime by 1,368.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of SiTime by 13.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,688 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SITM shares. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. Needham & Company LLC boosted their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group upped their price target on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $761.25.

SiTime Price Performance

NASDAQ:SITM opened at $565.42 on Tuesday. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average price is $617.09 and its two-hundred day moving average price is $559.73. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 1,153.92 and a beta of 2.94. SiTime Corporation has a 12-month low of $222.12 and a 12-month high of $901.81.

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

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 5,000 shares of SiTime stock in a transaction on Monday, June 15th. The shares were sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,781 shares of the company’s stock, valued at $7,335,750. The trade was a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction on Friday, June 12th. The stock was sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the transaction, the director directly owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 65,550 shares of company stock worth $47,057,638. 1.40% of the stock is currently owned by corporate insiders.

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.