TimesSquare Capital Management LLC Makes New Investment in SiTime Corporation $SITM

TimesSquare Capital Management LLC purchased a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 64,642 shares of the company’s stock, valued at approximately $48,194,000. TimesSquare Capital Management LLC owned 0.24% of SiTime as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of SiTime during the fourth quarter worth $83,977,000. Whale Rock Capital Management LLC lifted its holdings in SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after buying an additional 218,038 shares during the period. Price T Rowe Associates Inc. MD boosted its position in SiTime by 61.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after acquiring an additional 213,242 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in SiTime during the fourth quarter valued at $59,452,000. Finally, Bank of New York Mellon Corp acquired a new stake in SiTime during the 2nd quarter worth about $123,264,000. 84.31% of the stock is owned by institutional investors.

SiTime Price Performance

SITM stock opened at $749.44 on Tuesday. The stock has a market capitalization of $22.54 billion, a PE ratio of 1,529.47 and a beta of 2.94. The company’s 50-day moving average is $638.75 and its 200-day moving average is $544.35. 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 $204.60 and a 1 year 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, beating 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 company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same period last year, the business posted $0.47 EPS. The firm’s revenue for the quarter 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 fiscal year.

Insider Transactions at SiTime

In other SiTime news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the sale, the director owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total value of $349,025.00. Following the sale, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 69,759 shares of company stock valued at $50,046,035. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

SITM has been the subject of several research analyst reports. Roth Capital reissued a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. UBS Group lifted their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC boosted their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SiTime has a consensus rating of “Moderate Buy” and an average price target of $688.75.

About SiTime

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.