Lisanti Capital Growth LLC Takes $2.39 Million Position in SiTime Corporation $SITM

Lisanti Capital Growth LLC acquired a new stake in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,205 shares of the company’s stock, valued at approximately $2,390,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in SiTime during the second quarter worth approximately $48,000. Rakuten Securities Inc. raised its position in shares of SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC boosted its holdings in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after buying an additional 16 shares during the period. Persistent Asset Partners Ltd bought a new stake in shares of SiTime during the 2nd quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in SiTime in the 4th quarter valued at $33,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SiTime

In other SiTime 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 completion of the transaction, the director directly owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the completion of the sale, the director owned 790 shares in the company, valued at $553,000. This represents a 62.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,049 shares of company stock worth $50,279,835 over the last three months. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Benchmark initiated coverage on shares of SiTime in a report on Wednesday. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research report on Friday, July 17th. Needham & Company LLC boosted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $688.75.

SiTime Stock Performance

NASDAQ:SITM opened at $618.71 on Thursday. The firm has a market capitalization of $18.60 billion, a PE ratio of 1,262.67 and a beta of 2.94. 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 Corporation has a 12-month low of $204.60 and a 12-month high of $901.81. The firm has a 50-day moving average price of $638.25 and a 200 day moving average price of $548.38.

SiTime (NASDAQ:SITM) last released 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 return on equity of 4.99% and a net margin of 3.01%.The company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period in the previous year, the business 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. Research analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

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.