The Manufacturers Life Insurance Company Buys Shares of 15,868 SiTime Corporation $SITM

The Manufacturers Life Insurance Company bought a new stake in SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,868 shares of the company’s stock, valued at approximately $11,831,000. The Manufacturers Life Insurance Company owned about 0.05% of SiTime at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of SiTime during the second quarter worth approximately $1,781,937,000. Norges Bank acquired a new position in SiTime in the fourth quarter valued at approximately $83,977,000. Whale Rock Capital Management LLC boosted its stake in SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after acquiring an additional 218,038 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after acquiring an additional 213,242 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in SiTime during the 4th quarter worth $59,452,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Stock Down 7.0%

Shares of NASDAQ:SITM opened at $557.86 on Friday. SiTime Corporation has a 52 week low of $222.12 and a 52 week high of $901.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The company has a market capitalization of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94. The company has a 50 day moving average price of $620.85 and a two-hundred day moving average price of $557.68.

SiTime (NASDAQ:SITM) last posted its earnings results 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 company had revenue of $157.43 million for 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%. The business’s revenue for the quarter 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. Analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Raman Chitkara sold 2,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the sale, the director owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the transaction, the director owned 12,010 shares in the company, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,840 shares of company stock worth $47,960,638 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SITM has been the subject of several recent research reports. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $400.00 to $850.00 in a report on Thursday, May 7th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Roth Capital restated a “buy” rating and set a $900.00 target price on shares of SiTime in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $761.25.

About SiTime

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.