Katherine Schuelke Sells 500 Shares of SiTime (NASDAQ:SITM) Stock

SiTime Corporation (NASDAQ:SITM) Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the completion of the sale, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

SiTime Stock Performance

NASDAQ:SITM traded up $13.42 during trading hours on Wednesday, reaching $680.52. 430,050 shares of the company’s stock were exchanged, compared to its average volume of 488,058. SiTime Corporation has a 1-year low of $204.60 and a 1-year high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 1,388.82 and a beta of 2.94. The company has a 50-day moving average of $636.35 and a 200 day moving average of $534.35.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the business posted $0.47 earnings per share. SiTime’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. Research analysts anticipate that SiTime Corporation will post 3.23 EPS for the current year.

Institutional Trading of SiTime

A number of institutional investors have recently modified their holdings of SITM. BlackRock Inc. acquired a new stake in shares of SiTime during the 2nd quarter valued at approximately $1,781,937,000. Norges Bank acquired a new position in SiTime during the fourth quarter worth $83,977,000. Whale Rock Capital Management LLC boosted its position in SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after purchasing an additional 218,038 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after purchasing an additional 213,242 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of SiTime in the fourth quarter valued at $59,452,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SITM. Stifel Nicolaus increased their price target on SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. UBS Group upped 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 restated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. Finally, Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.75.

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.