SiTime Corporation $SITM Stock Purchased by North Dakota State Investment Board

North Dakota State Investment Board raised its stake in SiTime Corporation (NASDAQ:SITM) by 176.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,809 shares of the company’s stock after buying an additional 1,154 shares during the quarter. North Dakota State Investment Board’s holdings in SiTime were worth $1,180,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SITM. BlackRock Inc. acquired a new stake in shares of SiTime during the 2nd quarter worth $1,781,937,000. Bank of New York Mellon Corp bought a new position in shares of SiTime in the second quarter worth $123,264,000. Arrowstreet Capital Limited Partnership raised its stake in SiTime by 865.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock valued at $27,344,000 after purchasing an additional 70,974 shares in the last quarter. Bamco Inc. NY acquired a new position in SiTime in the second quarter valued at about $52,341,000. Finally, Stephens Investment Management Group LLC acquired a new position in SiTime in the first quarter valued at about $24,135,000. 84.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley started coverage on shares of SiTime in a report on Thursday, September 17th. They issued an “overweight” rating and a $370.00 target price on the stock. UBS Group boosted their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Seaport Research Partners assumed coverage on shares of SiTime in a research report on Tuesday, September 22nd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, SiTime has an average rating of “Moderate Buy” and a consensus target price of $721.00.

SiTime Trading Down 8.4%

Shares of SITM opened at $447.06 on Friday. 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 $243.68 and a 52-week high of $901.81. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 249.02 and a beta of 2.88. The business’s fifty day moving average is $581.19 and its 200-day moving average is $545.02.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 4.99% and a net margin of 3.01%. SiTime’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts anticipate that SiTime Corporation will post 6.37 EPS for the current fiscal year.

Insider Transactions at SiTime

In other SiTime news, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the completion of the transaction, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. The trade was a 4.00% 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 the SEC website. Also, CEO Rajesh Vashist sold 12,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the completion of the transaction, the chief executive officer directly owned 345,544 shares of the company’s stock, valued at $208,525,437.68. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,924 shares of company stock valued at $10,056,661. Company insiders own 1.40% of the company’s stock.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.