Public Employees Retirement System of Ohio Acquires Shares of 6,334 SiTime Corporation $SITM

Public Employees Retirement System of Ohio bought a new position in shares of SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 6,334 shares of the company’s stock, valued at approximately $4,722,000.

A number of other large investors have also modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the period. Los Angeles Capital Management LLC grew its holdings in SiTime by 0.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock worth $3,187,000 after acquiring an additional 25 shares during the period. Corient Private Wealth LLC grew its holdings in SiTime by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock worth $249,000 after acquiring an additional 39 shares during the period. Lazard Asset Management LLC raised its position in SiTime by 7.7% in the second quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock worth $139,000 after acquiring an additional 47 shares in the last quarter. Finally, Saturna Capital Corp raised its position in SiTime by 5.2% in the fourth quarter. Saturna Capital Corp now owns 1,010 shares of the company’s stock worth $357,000 after acquiring an additional 50 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the completion of the transaction, the director directly owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of SiTime stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the transaction, the director owned 10,999 shares of the company’s stock, valued at $8,194,255. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,550 shares of company stock valued at $18,309,538. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SITM shares. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $400.00 to $850.00 in a report on Thursday, May 7th. Benchmark began coverage on shares of SiTime in a report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target for the company. Roth Capital reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, May 7th. UBS Group boosted their price objective on shares of SiTime from $775.00 to $840.00 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, SiTime currently has an average rating of “Buy” and a consensus price target of $761.25.

SiTime Trading Up 2.9%

Shares of SITM stock opened at $568.82 on Thursday. The stock has a market cap of $17.10 billion, a P/E ratio of 1,160.86 and a beta of 2.86. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The business has a fifty day simple moving average of $611.55 and a 200-day simple moving average of $561.58.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, analysts forecast that SiTime Corporation will post 6.33 earnings per share 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.