Nicholas Investment Partners LP Acquires New Shares in SiTime Corporation $SITM

Nicholas Investment Partners LP acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 27,562 shares of the company’s stock, valued at approximately $20,549,000. SiTime comprises approximately 1.2% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of SiTime in the 2nd quarter valued at about $1,781,937,000. Norges Bank bought a new position in shares of SiTime during the fourth quarter worth about $83,977,000. Whale Rock Capital Management LLC lifted its stake in shares of SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after acquiring an additional 218,038 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after acquiring an additional 213,242 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in SiTime in the fourth quarter valued at approximately $59,452,000. Institutional investors own 84.31% of the company’s stock.

Insider Activity at SiTime

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of SiTime stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total value of $21,033,900.00. Following the completion of the sale, the chief executive officer directly owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction on Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the completion of the sale, the director directly owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,340 shares of company stock worth $49,029,718 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SITM. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 target price on shares of SiTime in a research report on Thursday, August 6th. Benchmark began coverage on shares of SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. UBS Group increased their price objective on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Roth Capital reissued a “buy” rating and set a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SiTime presently has an average rating of “Buy” and an average price target of $706.67.

SiTime Trading Down 5.5%

Shares of SITM stock opened at $580.97 on Tuesday. The company has a market cap of $17.47 billion, a P/E ratio of 1,185.65 and a beta of 2.94. The stock has a 50 day simple moving average of $630.27 and a two-hundred day simple moving average of $553.35. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 4.99% and a net margin of 3.01%.The company’s revenue was up 126.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

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.