SiTime Corporation $SITM Position Decreased by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. cut its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,800 shares of the company’s stock after selling 14,070 shares during the quarter. SiTime accounts for approximately 8.0% of Peregrine Investment Management Inc.’s holdings, making the stock its 2nd biggest holding. Peregrine Investment Management Inc. owned approximately 0.21% of SiTime worth $16,210,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SITM. Ariose Capital Management Ltd bought a new position in SiTime in the 3rd quarter worth $2,974,000. Emerald Mutual Fund Advisers Trust lifted its position in SiTime by 10.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 98,689 shares of the company’s stock valued at $29,736,000 after buying an additional 9,492 shares during the period. Federated Hermes Inc. boosted its holdings in shares of SiTime by 25.0% during the 3rd quarter. Federated Hermes Inc. now owns 125,000 shares of the company’s stock valued at $37,664,000 after buying an additional 25,000 shares in the last quarter. Invesco Ltd. grew its position in shares of SiTime by 4.8% in the 2nd quarter. Invesco Ltd. now owns 1,019,140 shares of the company’s stock worth $217,158,000 after buying an additional 46,721 shares during the period. Finally, Fortress Investment Group LLC bought a new position in shares of SiTime in the 2nd quarter worth about $22,182,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 2,112 shares of SiTime stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $428.08, for a total transaction of $904,104.96. Following the completion of the sale, the insider directly owned 97,937 shares of the company’s stock, valued at $41,924,870.96. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Akira Takata sold 3,500 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $431.73, for a total transaction of $1,511,055.00. Following the completion of the sale, the director owned 13,734 shares of the company’s stock, valued at approximately $5,929,379.82. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,712 shares of company stock valued at $9,562,777 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Key Stories Impacting SiTime

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q4 earnings beat and strong top-line growth: SiTime reported $1.53 EPS vs. $1.20 expected and revenue of $113.3M (vs. $101.9M est.), with revenue up ~66% year-over-year — a near-term fundamental tailwind. Earnings & data
• Positive Sentiment: Analyst support: Multiple brokerages have high targets and buy/outperform calls (Goldman Sachs initiated at Buy; Stifel, Barclays and others set targets above the current trading level), giving a consensus “Moderate Buy” view and an average target near $409. Analyst coverage
• Neutral Sentiment: High institutional ownership and momentum: Institutions own ~84% of SITM and the stock recently traded near its 52‑week highs, which can amplify moves in either direction. Ownership data
• Neutral Sentiment: Business profile: SiTime’s MEMS timing products address telecom, data center, automotive and industrial markets — a structurally attractive end‑market mix but cyclical exposure to semiconductor demand. Company profile
• Negative Sentiment: Large insider sale — Samsheer Ahamad: Sold 9,100 shares at ~$441.47 for ~$4.02M on Feb 11 (reducing his stake ~14.7%), a sizable disposition that often pressures near‑term sentiment. Insider sale
• Negative Sentiment: Other insider sales: Director and exec sales include a ~$1.51M director sale (reported) plus Fariborz Assaderaghi selling 2,112 shares at $428.08 and 500 shares at $416.06 — these multiple Form 4 filings increase selling pressure and raise questions about timing/intent. Director sale SEC filing

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus set a $450.00 price objective on shares of SiTime in a research note on Thursday, February 5th. Raymond James Financial reissued an “outperform” rating on shares of SiTime in a research report on Tuesday, December 2nd. The Goldman Sachs Group initiated coverage on SiTime in a research report on Monday, December 15th. They set a “buy” rating and a $420.00 price objective for the company. Roth Mkm reissued a “buy” rating and issued a $450.00 target price on shares of SiTime in a report on Thursday, February 5th. Finally, Barclays set a $400.00 target price on shares of SiTime in a research note on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SiTime currently has a consensus rating of “Moderate Buy” and a consensus price target of $409.38.

SiTime Stock Down 3.0%

Shares of NASDAQ:SITM opened at $423.20 on Friday. The firm’s 50 day moving average price is $367.66 and its 200-day moving average price is $301.88. The stock has a market capitalization of $11.05 billion, a PE ratio of -232.53 and a beta of 2.51. SiTime Corporation has a twelve month low of $105.40 and a twelve month high of $446.96.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, February 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.33. The company had revenue of $113.29 million during the quarter, compared to the consensus estimate of $101.91 million. SiTime had a negative net margin of 13.13% and a negative return on equity of 2.06%. SiTime’s quarterly revenue was up 66.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. Analysts expect that SiTime Corporation will post -2.44 earnings per share 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.