SiTime Corporation $SITM Stake Increased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in SiTime Corporation (NASDAQ:SITM) by 282.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,344 shares of the company’s stock after buying an additional 2,469 shares during the quarter. ProShare Advisors LLC’s holdings in SiTime were worth $2,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vise Technologies Inc. lifted its holdings in SiTime by 51.4% in the third quarter. Vise Technologies Inc. now owns 789 shares of the company’s stock valued at $514,000 after buying an additional 268 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in shares of SiTime by 41.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,200 shares of the company’s stock valued at $782,000 after purchasing an additional 350 shares during the period. BOKF NA bought a new position in shares of SiTime in the 3rd quarter worth $65,000. Hanseatic Management Services Inc. boosted its position in shares of SiTime by 2.0% in the 3rd quarter. Hanseatic Management Services Inc. now owns 1,378 shares of the company’s stock worth $898,000 after purchasing an additional 27 shares during the last quarter. Finally, North Dakota State Investment Board grew its stake in shares of SiTime by 176.2% during the third quarter. North Dakota State Investment Board now owns 1,809 shares of the company’s stock worth $1,180,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Trending Headlines about SiTime

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Seaport Global upgraded SiTime to Buy from Neutral and set a $425 price target, helping lift sentiment after the stock’s post-earnings pullback. SiTime shares surge as Seaport upgrades to Buy
• Positive Sentiment: Third-quarter results beat expectations: SiTime reported adjusted EPS of $4.01 versus the cited $3.62 consensus and revenue of $298.67 million versus $292.65 million. Revenue rose 257.4% year over year, with AI infrastructure demand and the Renesas timing acquisition contributing to growth. SiTime Q3 earnings surpass estimates
• Positive Sentiment: Needham initiated coverage with a Buy rating and a $600 price target, adding another bullish analyst view. Needham analyst recommendations
• Positive Sentiment: Management highlighted AI-driven growth and expanding optical-networking opportunities, while reporting a 70.7% gross margin. Q3 call highlights AI demand and supply constraints
• Neutral Sentiment: UBS maintained its Buy rating but cut its price target to $650 from $750, tempering the analyst outlook even as the rating remained positive. UBS analyst recommendations
• Negative Sentiment: Wafer supply constraints are expected to persist through 2027, potentially limiting SiTime’s ability to meet demand and convert its growth opportunities into sales. Q3 call highlights AI demand and supply constraints

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SITM shares. Seaport Research Partners raised shares of SiTime from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Weiss Ratings lowered SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Raymond James Financial upgraded shares of SiTime from an “outperform” rating to a “strong-buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SiTime currently has a consensus rating of “Moderate Buy” and an average target price of $687.00.

SiTime Stock Performance

Shares of SITM stock traded up $61.92 on Friday, reaching $416.92. The stock had a trading volume of 1,645,227 shares, compared to its average volume of 530,708. SiTime Corporation has a 12 month low of $243.68 and a 12 month high of $901.81. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 443.53 and a beta of 2.88. The firm’s 50-day moving average is $562.21 and its two-hundred day moving average is $546.27. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29.

SiTime’s stock is scheduled to split before the market opens on Monday, December 7th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Sunday, December 6th.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, November 4th. The company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The company had revenue of $298.67 million during the quarter, compared to analysts’ expectations of $292.65 million. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue was up 257.4% on a year-over-year basis. On average, research analysts expect that SiTime Corporation will post 6.37 EPS for the current fiscal year.

Insider Activity at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the transaction, the insider directly owned 66,861 shares of the company’s stock, valued at $46,872,904.05. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the sale, the director directly owned 12,010 shares of the company’s stock, 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 sold 14,874 shares of company stock valued at $9,298,908 in the last 90 days. Insiders own 1.40% of the company’s stock.

About SiTime

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.