Freestone Grove Partners LP Takes $10.27 Million Position in SiTime Corporation $SITM

Freestone Grove Partners LP acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,772 shares of the company’s stock, valued at approximately $10,268,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC grew its position in 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 acquiring an additional 16 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of SiTime by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock worth $3,187,000 after acquiring an additional 25 shares during the last quarter. CWM LLC boosted its stake in shares of SiTime by 4.2% in the 4th quarter. CWM LLC now owns 951 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of SiTime by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after purchasing an additional 39 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of SiTime by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock valued at $139,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Insider Buying and Selling

In other SiTime news, Director Torsten Kreindl sold 1,050 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director directly owned 12,481 shares in the company, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raman Chitkara sold 2,000 shares of the company’s 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 owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 66,840 shares of company stock valued at $47,960,638 over the last three months. Insiders own 1.40% of the company’s stock.

SiTime Trading Up 0.5%

SITM opened at $599.89 on Friday. The business has a 50 day simple moving average of $624.27 and a two-hundred day simple moving average of $557.67. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 1,224.27 and a beta of 2.94. 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 one year low of $222.12 and a one year high of $901.81.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping 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 firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period last year, the company earned $0.47 EPS. The business’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. Analysts predict that SiTime Corporation will post 6.33 EPS for the current year.

Analyst Ratings Changes

SITM has been the subject of several analyst reports. Benchmark began coverage on shares of SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. UBS Group raised their price target on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SiTime currently has a consensus rating of “Buy” and a consensus target price of $706.67.

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.