Jupiter Topco LLC Acquires New Shares in SiTime Corporation $SITM

Jupiter Topco LLC bought a new position in SiTime Corporation (NASDAQ:SITM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,817 shares of the company’s stock, valued at approximately $7,326,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of SiTime by 26.2% during 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. Larson Financial Group LLC raised its position in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter. USA Financial Formulas purchased a new position in SiTime in the 1st quarter worth about $33,000. Caitong International Asset Management Co. Ltd bought a new position in SiTime during the 4th quarter valued at about $33,000. Finally, Danske Bank A S purchased a new stake in shares of SiTime during the 4th quarter valued at about $35,000. 84.31% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 in the company, valued at approximately $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of SiTime stock in a transaction on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the transaction, the director owned 10,999 shares in the company, valued at $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 66,840 shares of company stock worth $47,960,638. Company insiders own 1.40% of the company’s stock.

SiTime Price Performance

Shares of NASDAQ:SITM opened at $557.86 on Monday. The firm’s 50 day moving average price is $620.85 and its 200-day moving average price is $558.66. SiTime Corporation has a twelve month low of $222.12 and a twelve month high of $901.81. 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 has a market capitalization of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its 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 net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’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 expect that SiTime Corporation will post 6.33 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SITM. Benchmark initiated coverage on shares of SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective on the stock. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Two investment 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 stock. Based on data from MarketBeat.com, SiTime has an average rating of “Buy” and a consensus target price of $761.25.

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.