VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in SiTime Corporation $SITM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,180 shares of the company’s stock, valued at approximately $3,862,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 last quarter. Los Angeles Capital Management LLC grew its stake in shares of SiTime by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock valued at $3,187,000 after buying an additional 25 shares during the period. Wedmont Private Capital increased its holdings in shares of SiTime by 4.5% during the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after buying an additional 28 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of SiTime by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock worth $249,000 after buying an additional 39 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of SiTime by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock valued at $139,000 after buying an additional 47 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Trading Down 1.5%

NASDAQ SITM opened at $589.87 on Thursday. The firm has a 50 day simple moving average of $601.14 and a 200-day simple moving average of $568.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a one year low of $243.68 and a one year high of $901.81. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 1,203.82 and a beta of 2.86.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating 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 firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’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. Equities research analysts anticipate that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SITM. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. UBS Group raised their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Benchmark started coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. Two equities research 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $761.25.

Insider Buying and Selling

In other SiTime news, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the sale, the director directly owned 12,010 shares in the company, valued at $8,383,580.50. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,550 shares of company stock worth $18,309,538 over the last three months. 1.40% of the stock is owned by insiders.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.