Styrax Capital LP Has $11.18 Million Stock Holdings in SiTime Corporation $SITM

Styrax Capital LP reduced its stake in shares of SiTime Corporation (NASDAQ:SITM) by 83.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the company’s stock after selling 75,000 shares during the quarter. SiTime accounts for 0.7% of Styrax Capital LP’s holdings, making the stock its 18th biggest holding. Styrax Capital LP’s holdings in SiTime were worth $11,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SITM. Tairen Capital Ltd bought a new position in SiTime in the second quarter valued at approximately $9,320,000. Stephens Investment Management Group LLC acquired a new position in SiTime during the first quarter valued at approximately $24,135,000. Rockefeller Capital Management L.P. lifted its stake in SiTime by 1,368.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,037 shares during the last quarter. Janus Henderson Group PLC lifted its stake in SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in shares of SiTime in the 1st quarter valued at $2,429,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SITM shares. Needham & Company LLC lifted 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. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Finally, UBS Group boosted their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two 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, the stock presently has an average rating of “Buy” and a consensus target price of $761.25.

Insider Transactions at SiTime

In other news, Director Edward Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the transaction, the director directly owned 10,999 shares of the company’s stock, valued at $8,194,255. The trade was a 8.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Torsten Kreindl sold 1,050 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the sale, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. The trade was a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 24,550 shares of company stock worth $18,309,538. Corporate insiders own 1.40% of the company’s stock.

SiTime Stock Up 6.5%

Shares of NASDAQ SITM opened at $612.09 on Friday. The company’s 50 day moving average price is $608.32 and its 200-day moving average price is $563.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a 52-week low of $229.64 and a 52-week high of $901.81. The company has a market capitalization of $18.41 billion, a P/E ratio of 1,249.16 and a beta of 2.86.

SiTime (NASDAQ:SITM) last announced its earnings results 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. The business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s quarterly revenue was up 126.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

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.