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

Thornburg Investment Management Inc. trimmed its holdings in SiTime Corporation (NASDAQ:SITM) by 55.7% in the second quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SITM. Parallel Advisors LLC increased its holdings in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the last quarter. Los Angeles Capital Management LLC boosted its position 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 purchasing an additional 25 shares during the period. CWM LLC increased its holdings in shares of SiTime by 4.2% in the fourth quarter. CWM LLC now owns 951 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of SiTime by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after purchasing an additional 39 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of SiTime by 7.7% in the second quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock valued at $139,000 after purchasing an additional 47 shares during the period. 84.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SITM has been the subject of several research analyst reports. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings raised shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. Needham & Company LLC raised their price objective on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research 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 report on Thursday, May 7th. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SiTime currently has an average rating of “Buy” and an average target price of $761.25.

Insiders Place Their Bets

In related news, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the sale, the director directly owned 12,010 shares in the company, valued at approximately $8,383,580.50. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rajesh Vashist sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $750.00, for a total value of $3,750,000.00. Following the sale, the chief executive officer directly owned 9,781 shares in the company, valued at $7,335,750. This represents a 33.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 66,840 shares of company stock valued at $47,960,638 in the last quarter. Company insiders own 1.40% of the company’s stock.

SiTime Price Performance

Shares of SiTime stock opened at $557.86 on Friday. SiTime Corporation has a twelve month low of $222.12 and a twelve month 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 company has a 50-day simple moving average of $620.85 and a two-hundred day simple moving average of $557.68. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 1,138.49 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts forecast that SiTime Corporation will post 6.33 EPS for the current 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.