SiTime (NASDAQ:SITM) Director Sells $757,753.50 in Stock

SiTime Corporation (NASDAQ:SITM) Director Torsten Kreindl sold 1,050 shares of the firm’s 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 sale, the director directly owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Torsten Kreindl also recently made the following trade(s):

• On Thursday, May 21st, Torsten Kreindl sold 710 shares of SiTime stock. The shares were sold at an average price of $720.00, for a total transaction of $511,200.00.

SiTime Trading Down 4.9%

Shares of NASDAQ SITM traded down $35.32 during midday trading on Monday, hitting $689.96. 547,713 shares of the company traded hands, compared to its average volume of 502,669. SiTime Corporation has a 12-month low of $199.12 and a 12-month high of $901.81. The firm has a market cap of $20.75 billion, a P/E ratio of 1,408.08 and a beta of 2.94. The stock has a 50-day moving average price of $637.03 and a 200 day moving average price of $532.31. 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 (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same period last 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, analysts expect that SiTime Corporation will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On SiTime

Several large investors have recently made changes to their positions in SITM. Principal Financial Group Inc. grew its holdings in shares of SiTime by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock worth $128,545,000 after acquiring an additional 13,577 shares during the period. Stephens Investment Management Group LLC bought a new position in shares of SiTime in the 1st quarter worth approximately $24,135,000. Rockefeller Capital Management L.P. boosted its holdings in shares of SiTime by 1,368.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after buying an additional 3,037 shares during the last quarter. Janus Henderson Group PLC grew its position in SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after buying an additional 1,688 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in SiTime during the fourth quarter valued at approximately $45,346,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SITM. The Goldman Sachs Group restated a “buy” rating and set a $900.00 price target on shares of SiTime in a research report on Thursday. Stifel Nicolaus increased their price objective on SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Roth Capital reissued a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Zacks Research cut shares of SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $688.75.

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.