UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 9,241 Shares of SiTime Corporation $SITM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of SiTime Corporation (NASDAQ:SITM) by 21.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,949 shares of the company’s stock after buying an additional 9,241 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of SiTime worth $38,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SITM. Parallel Advisors LLC boosted its position in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 16 shares during the period. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. USA Financial Formulas bought a new stake in SiTime during the 1st quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in SiTime in the 4th quarter worth approximately $33,000. Finally, Danske Bank A S purchased a new stake in SiTime in the 4th quarter worth approximately $35,000. 84.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SITM has been the subject of a number of recent analyst reports. UBS Group boosted their price target 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. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Benchmark assumed coverage on SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. Finally, Needham & Company LLC boosted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $761.25.

Insider Activity

In other SiTime news, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the sale, the director owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raman Chitkara sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the transaction, the director owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 24,550 shares of company stock worth $18,309,538. 1.40% of the stock is currently owned by insiders.

SiTime Stock Up 1.0%

Shares of NASDAQ:SITM opened at $574.47 on Friday. The firm has a market capitalization of $17.27 billion, a PE ratio of 1,172.39 and a beta of 2.86. 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 $222.77 and a 52-week high of $901.81. The firm has a fifty day moving average of $609.52 and a 200 day moving average of $562.66.

SiTime (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts anticipate that SiTime Corporation will post 6.33 EPS for the current fiscal year.

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.