MBL Wealth LLC Purchases 1,402 Shares of SiTime Corporation $SITM

MBL Wealth LLC increased its position in shares of SiTime Corporation (NASDAQ:SITM) by 169.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,227 shares of the company’s stock after buying an additional 1,402 shares during the quarter. MBL Wealth LLC’s holdings in SiTime were worth $1,452,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SITM. BlackRock Inc. purchased a new position in SiTime in the second quarter valued at about $1,781,937,000. Bank of New York Mellon Corp purchased a new stake in shares of SiTime during the 2nd quarter worth about $123,264,000. Arrowstreet Capital Limited Partnership raised its stake in shares of SiTime by 865.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock worth $27,344,000 after purchasing an additional 70,974 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of SiTime during the 2nd quarter worth about $52,341,000. Finally, Stephens Investment Management Group LLC purchased a new stake in shares of SiTime during the 1st quarter worth about $24,135,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Stock Down 9.1%

SITM opened at $462.72 on Friday. The firm has a market cap of $13.91 billion, a P/E ratio of 259.80 and a beta of 2.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The business has a 50 day moving average price of $603.56 and a 200 day moving average price of $620.33. SiTime Corporation has a twelve month low of $243.68 and a twelve month high of $901.81.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same quarter last year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts forecast that SiTime Corporation will post 6.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Edward Frank sold 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. This 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 12,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the sale, the chief executive officer directly owned 345,544 shares of the company’s stock, valued at approximately $208,525,437.68. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,924 shares of company stock valued at $10,056,661 in the last three months. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SITM. Morgan Stanley initiated coverage on SiTime in a report on Thursday, September 17th. They set an “overweight” rating and a $370.00 price target for the company. Needham & Company LLC increased their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $721.00.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.