Toth Financial Advisory Corp Sells 1,400 Shares of SiTime Corporation $SITM

Toth Financial Advisory Corp trimmed its stake in SiTime Corporation (NASDAQ:SITM) by 50.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,400 shares of the company’s stock after selling 1,400 shares during the quarter. Toth Financial Advisory Corp’s holdings in SiTime were worth $1,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of SiTime by 12.5% during the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after buying an additional 491 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of SiTime by 33.6% during the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC lifted its position in SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after buying an additional 8,136 shares during the last quarter. Intech Investment Management LLC boosted its stake in SiTime by 21.6% in the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after buying an additional 1,477 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of SiTime during the 2nd quarter valued at $240,000. Institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SITM. UBS Group raised their price objective on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $400.00 to $850.00 in a report on Thursday, May 7th. The Goldman Sachs Group restated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $761.25.

SiTime Price Performance

Shares of SiTime stock opened at $557.86 on Friday. The business has a 50 day moving average of $620.85 and a 200 day moving average of $557.68. SiTime Corporation has a 52 week low of $222.12 and a 52 week high of $901.81. The company has a market cap of $16.77 billion, a PE ratio of 1,138.49 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 (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Transactions at SiTime

In related news, CEO Rajesh Vashist sold 5,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the completion of the transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 66,840 shares of company stock worth $47,960,638. 1.40% of the stock is owned by corporate insiders.

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.