Sanctuary Advisors LLC Makes New $995,000 Investment in SiTime Corporation $SITM

Sanctuary Advisors LLC bought a new stake in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,335 shares of the company’s stock, valued at approximately $995,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in SiTime by 3.9% during the 4th 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. Stephens Investment Management Group LLC purchased a new stake in shares of SiTime in the 1st quarter worth approximately $24,135,000. Rockefeller Capital Management L.P. lifted its position in shares of SiTime by 1,368.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,037 shares during the period. Janus Henderson Group PLC boosted its stake in shares of SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT bought a new position in shares of SiTime during the first quarter valued at approximately $2,429,000. Institutional investors own 84.31% of the company’s stock.

Wall Street Analyst Weigh In

SITM has been the subject of a number of recent research reports. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday. Roth Capital restated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. Finally, Needham & Company LLC lifted their target price on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $706.67.

SiTime Trading Up 0.5%

Shares of NASDAQ:SITM opened at $599.89 on Friday. The business’s 50-day moving average is $624.27 and its 200 day moving average is $557.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. SiTime Corporation has a 1 year low of $222.12 and a 1 year high of $901.81. The firm has a market capitalization of $18.04 billion, a P/E ratio of 1,224.27 and a beta of 2.94.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping 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 quarter last year, the company earned $0.47 earnings per share. The company’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. On average, research analysts predict that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiTime news, Director Torsten Kreindl sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total transaction of $757,753.50. Following the sale, the director owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajesh Vashist sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 9,781 shares in the company, valued at $7,335,750. The trade was a 33.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,840 shares of company stock worth $47,960,638 over the last ninety days. Company insiders own 1.40% of the company’s stock.

SiTime Company 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.