Wellington Management Group LLP Has $176.01 Million Stock Holdings in SiTime Corporation $SITM

Wellington Management Group LLP trimmed its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 18.4% in the second quarter, Holdings Channel.com reports. The fund owned 236,078 shares of the company’s stock after selling 53,306 shares during the quarter. Wellington Management Group LLP’s holdings in SiTime were worth $176,010,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in SiTime by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock worth $128,545,000 after purchasing an additional 13,577 shares during the period. Tairen Capital Ltd bought a new stake in shares of SiTime in the 2nd quarter valued at approximately $9,320,000. Stephens Investment Management Group LLC acquired a new position in shares of SiTime in the 1st quarter worth approximately $24,135,000. Rockefeller Capital Management L.P. raised its holdings in shares of SiTime by 1,368.0% in the 4th 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of SiTime by 13.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after buying an additional 1,688 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price target on shares of SiTime 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. 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 report on Thursday, May 7th. Needham & Company LLC upped their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $761.25.

SiTime Stock Up 1.4%

Shares of SITM opened at $565.42 on Tuesday. The company has a market capitalization of $17.00 billion, a P/E ratio of 1,153.92 and a beta of 2.94. SiTime Corporation has a one year low of $222.12 and a one year high of $901.81. The business’s 50 day simple moving average is $617.09 and its 200-day simple moving average is $559.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50.

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 firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same period last year, the firm posted $0.47 EPS. The business’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. As a group, sell-side analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Insider Activity at SiTime

In other news, CEO Rajesh Vashist sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $750.00, for a total value of $3,750,000.00. Following the completion of the sale, the chief executive officer directly owned 9,781 shares in the company, valued at approximately $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the transaction, the director directly owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This represents a 9.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 65,550 shares of company stock valued at $47,057,638. 1.40% of the stock is currently owned by company insiders.

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.