1,731 Shares in SiTime Corporation $SITM Purchased by Castleark Management LLC

Castleark Management LLC acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,731 shares of the company’s stock, valued at approximately $1,291,000.

Several other large investors also recently added to or reduced their stakes in SITM. Principal Financial Group Inc. increased its position in shares of 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 acquiring an additional 13,577 shares during the period. Stephens Investment Management Group LLC purchased a new stake in shares of SiTime in the first quarter valued at approximately $24,135,000. Tairen Capital Ltd purchased a new stake in shares of SiTime in the second quarter valued at approximately $9,320,000. Rockefeller Capital Management L.P. grew its stake in SiTime by 1,368.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in SiTime by 13.2% in the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,688 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the sale, the director directly owned 10,999 shares in the company, valued at approximately $8,194,255. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajesh Vashist sold 5,000 shares of SiTime stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,781 shares in the company, valued at approximately $7,335,750. The trade was a 33.83% decrease in their position. 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 sold 68,340 shares of company stock worth $49,029,718. Insiders own 1.40% of the company’s stock.

SiTime Trading Up 0.5%

Shares of NASDAQ:SITM opened at $596.97 on Thursday. SiTime Corporation has a 12-month low of $222.12 and a 12-month high of $901.81. The business’s fifty day simple moving average is $626.85 and its 200-day simple moving average is $556.40. The company has a market capitalization of $17.95 billion, a PE ratio of 1,218.31 and a beta of 2.94. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping 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 in the prior year, the business posted $0.47 EPS. The firm’s quarterly 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, equities research analysts predict that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SITM. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded 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 lifted their price objective for the company from $400.00 to $850.00 in a report on Thursday, May 7th. Finally, Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. 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. According to MarketBeat, SiTime has a consensus rating of “Buy” and a consensus target price of $706.67.

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.