Thornburg Investment Management Inc. Has $7.01 Million Position in SiTime Corporation $SITM

Thornburg Investment Management Inc. decreased its position in SiTime Corporation (NASDAQ:SITM) by 55.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,397 shares of the company’s stock after selling 11,810 shares during the period. Thornburg Investment Management Inc.’s holdings in SiTime were worth $7,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in SiTime by 21.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,949 shares of the company’s stock valued at $38,731,000 after buying an additional 9,241 shares during the period. New Mexico Educational Retirement Board acquired a new position in shares of SiTime in the 2nd quarter valued at $3,504,000. Van ECK Associates Corp boosted its position in shares of SiTime by 32.6% in the 2nd quarter. Van ECK Associates Corp now owns 14,990 shares of the company’s stock worth $11,176,000 after purchasing an additional 3,683 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of SiTime during the second quarter worth $13,680,000. Finally, Archer Investment Corp bought a new stake in SiTime in the second quarter valued at about $492,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the completion of the transaction, the director directly owned 790 shares of the company’s stock, valued at $553,000. This represents a 62.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 66,840 shares of company stock valued at $47,960,638. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

SITM has been the subject of several analyst reports. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Needham & Company LLC boosted their price objective on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and issued 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 research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $761.25.

SiTime Stock Performance

Shares of SITM stock opened at $557.86 on Friday. SiTime Corporation has a 12 month low of $222.12 and a 12 month high of $901.81. The company’s fifty day simple moving average is $620.85 and its 200-day simple moving average is $557.68. The firm has a market cap of $16.77 billion, a PE ratio of 1,138.49 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.

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 net margin of 3.01% and a return on equity of 4.99%. The company’s revenue was up 126.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities research analysts expect that SiTime Corporation will post 6.33 EPS for the current fiscal 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.