Geneva Partners LLC Purchases Shares of 1,485 SiTime Corporation $SITM

Geneva Partners LLC acquired a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,485 shares of the company’s stock, valued at approximately $1,107,000.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of SiTime by 26.2% during the 1st 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 last quarter. Los Angeles Capital Management LLC raised its stake in SiTime by 0.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock valued at $3,187,000 after purchasing an additional 25 shares in the last quarter. CWM LLC lifted its position in SiTime by 4.2% during the fourth quarter. CWM LLC now owns 951 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares during the last quarter. Corient Private Wealth LLC lifted its position in SiTime by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after purchasing an additional 39 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of SiTime by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock worth $139,000 after buying an additional 47 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Trading Down 9.0%

SITM stock opened at $618.71 on Thursday. SiTime Corporation has a twelve month low of $204.60 and a twelve month high of $901.81. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 1,262.67 and a beta of 2.94. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The firm’s fifty day simple moving average is $638.25 and its two-hundred day simple moving average is $548.38.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the business earned $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, analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

Insiders Place Their Bets

In other SiTime news, Director Raman Chitkara sold 2,000 shares of the firm’s 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 sale, the director owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total value of $349,025.00. Following the transaction, the director directly owned 12,010 shares in the company, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 70,049 shares of company stock valued at $50,279,835 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

SITM has been the topic of a number of research reports. Benchmark started coverage on shares of SiTime in a report on Wednesday. They issued a “buy” rating on the stock. Roth Capital reiterated a “buy” rating and issued a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. UBS Group boosted their price objective on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $688.75.

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.