Meiji Yasuda Life Insurance Co Takes $716,000 Position in SiTime Corporation $SITM

Meiji Yasuda Life Insurance Co purchased a new stake in SiTime Corporation (NASDAQ:SITM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 960 shares of the company’s stock, valued at approximately $716,000.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of SiTime by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock valued at $128,545,000 after buying an additional 13,577 shares during the period. Tairen Capital Ltd acquired a new position in shares of SiTime during the second quarter valued at $9,320,000. Stephens Investment Management Group LLC bought a new position in SiTime in the first quarter valued at about $24,135,000. Rockefeller Capital Management L.P. boosted its holdings in SiTime by 1,368.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in SiTime by 13.2% in the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,688 shares during the period. Institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Needham & Company LLC boosted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group raised their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $761.25.

Insider Buying and Selling

In related news, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This represents a 9.13% 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 worth $47,960,638 over the last quarter. Insiders own 1.40% of the company’s stock.

SiTime Stock Down 7.0%

Shares of SiTime stock opened at $557.86 on Friday. The business has a fifty day simple moving average of $620.85 and a 200 day simple moving average of $557.68. The stock 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 Corporation has a 12 month low of $222.12 and a 12 month high of $901.81.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share 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 for the quarter, compared to analyst estimates of $146.46 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company’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 predict that SiTime Corporation will post 6.33 EPS for the current 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.