Mirador Capital Partners LP Purchases New Holdings in SiTime Corporation $SITM

Mirador Capital Partners LP acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, HoldingsChannel reports. The fund acquired 3,274 shares of the company’s stock, valued at approximately $2,441,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of SiTime in the 4th quarter valued at approximately $83,977,000. Whale Rock Capital Management LLC grew its position in shares of SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after buying an additional 218,038 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of SiTime by 61.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after buying an additional 213,242 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of SiTime in the fourth quarter worth $59,452,000. Finally, Wellington Management Group LLP increased its stake in shares of SiTime by 36.8% in the third quarter. Wellington Management Group LLP now owns 537,741 shares of the company’s stock worth $162,027,000 after buying an additional 144,671 shares during the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on SITM shares. Stifel Nicolaus increased their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Roth Capital reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.88.

Insider Buying and Selling

In related news, Director Akira Takata sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $860.86, for a total transaction of $1,291,290.00. Following the completion of the sale, the director owned 12,234 shares of the company’s stock, valued at $10,531,761.24. This represents a 10.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,709 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $731.49, for a total transaction of $1,250,116.41. Following the sale, the insider owned 81,436 shares in the company, valued at approximately $59,569,619.64. This trade represents a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 69,709 shares of company stock worth $50,230,546. Company insiders own 1.40% of the company’s stock.

SiTime Trading Down 6.9%

SITM stock opened at $543.12 on Thursday. The stock’s 50 day simple moving average is $637.07 and its 200 day simple moving average is $525.29. SiTime Corporation has a 12-month low of $187.56 and a 12-month high of $901.81. The firm has a market cap of $14.34 billion, a P/E ratio of -537.74 and a beta of 2.94.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The firm had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts forecast that SiTime Corporation will post 3.23 EPS for the current fiscal year.

SiTime 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.