Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in SiTime Corporation $SITM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,600 shares of the company’s stock, valued at approximately $13,122,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of SiTime at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its holdings in shares of SiTime by 188.5% during the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares in the last quarter. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% in the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter. USA Financial Formulas acquired a new position in SiTime in the first quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in SiTime during the fourth quarter valued at approximately $33,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

SiTime Price Performance

Shares of SITM stock opened at $598.81 on Friday. SiTime Corporation has a 12 month low of $217.64 and a 12 month high of $901.81. The company has a market capitalization of $18.01 billion, a P/E ratio of 1,222.06 and a beta of 2.94. The stock has a 50 day moving average of $635.80 and a two-hundred day moving average of $550.04. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

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. The company 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%. The firm’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Insider Transactions at SiTime

In related news, CEO Rajesh Vashist sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the transaction, the chief executive officer owned 402,898 shares in the company, valued at $282,483,874.74. This represents a 6.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the sale, the director directly owned 790 shares in the company, valued at $553,000. This trade represents a 62.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 68,340 shares of company stock valued at $49,029,718. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Needham & Company LLC increased their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $400.00 to $850.00 in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.