Polymer Capital Management HK LTD Purchases Shares of 2,000 SiTime Corporation $SITM

Polymer Capital Management HK LTD purchased a new stake in SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,000 shares of the company’s stock, valued at approximately $1,491,000.

A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of SiTime by 12.5% during the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock worth $675,000 after purchasing an additional 491 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in SiTime by 33.6% in the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after buying an additional 88 shares during the last quarter. AQR Capital Management LLC grew its holdings in SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock valued at $1,557,000 after buying an additional 8,136 shares during the last quarter. Intech Investment Management LLC grew its holdings in SiTime by 21.6% in the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock valued at $1,272,000 after buying an additional 1,477 shares during the last quarter. Finally, M&T Bank Corp bought a new position in SiTime in the 2nd quarter worth approximately $240,000. 84.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SITM has been the subject of a number of research analyst reports. Benchmark started coverage on SiTime in a report on Wednesday. They set a “buy” rating and a $850.00 price target for the company. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Needham & Company LLC upped their target price on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $706.67.

SiTime Stock Performance

Shares of SITM opened at $614.83 on Monday. SiTime Corporation has a 12-month low of $221.52 and a 12-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 firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 1,254.76 and a beta of 2.94. The stock’s 50-day moving average price is $633.50 and its 200 day moving average price is $551.73.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts predict that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Buying and Selling at SiTime

In other SiTime news, Director Katherine Schuelke sold 500 shares of SiTime 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 sale, the director owned 12,010 shares in the company, valued at $8,383,580.50. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raman Chitkara sold 2,000 shares of the business’s 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 in the company, valued at $14,473,407.24. This trade represents a 9.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,340 shares of company stock valued at $49,029,718 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

SiTime 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.