The Manufacturers Life Insurance Company Increases Holdings in SiTime Corporation $SITM

The Manufacturers Life Insurance Company increased its position in SiTime Corporation (NASDAQ:SITM) by 101.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,732 shares of the company’s stock after acquiring an additional 10,426 shares during the period. The Manufacturers Life Insurance Company’s holdings in SiTime were worth $7,160,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of SiTime by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock worth $128,545,000 after buying an additional 13,577 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in SiTime during the 1st quarter valued at about $24,135,000. Rockefeller Capital Management L.P. raised its position in SiTime by 1,368.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after acquiring an additional 3,037 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in SiTime during the fourth quarter worth about $45,346,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new stake in shares of SiTime in the first quarter valued at about $2,429,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Price Performance

Shares of NASDAQ SITM opened at $543.12 on Thursday. The company has a 50-day simple moving average of $637.07 and a 200-day simple moving average of $525.29. The company has a market cap of $14.34 billion, a PE ratio of -537.74 and a beta of 2.94. SiTime Corporation has a 12 month low of $187.56 and a 12 month high of $901.81.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. SiTime’s revenue was up 126.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, analysts anticipate that SiTime Corporation will post 3.23 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SITM. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Needham & Company LLC upped their target price on SiTime from $450.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $800.00 target price on shares of SiTime in a report on Thursday, May 7th. UBS Group raised their price target on SiTime from $675.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $661.88.

Insider Activity at SiTime

In other news, CEO Rajesh Vashist sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the sale, the chief executive officer owned 402,898 shares in the company, valued at $282,483,874.74. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fariborz Assaderaghi sold 1,709 shares of SiTime stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $731.49, for a total value of $1,250,116.41. Following the completion of the sale, the insider directly owned 81,436 shares of the company’s stock, valued at approximately $59,569,619.64. This represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 69,709 shares of company stock worth $50,230,546. Company insiders own 1.40% of the company’s stock.

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.