New Mexico Educational Retirement Board Invests $3.50 Million in SiTime Corporation $SITM

New Mexico Educational Retirement Board purchased a new stake in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,700 shares of the company’s stock, valued at approximately $3,504,000.

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

Insider Buying and Selling at SiTime

In other SiTime news, Director Christine Heckart sold 1,290 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $700.00, for a total value of $903,000.00. Following the transaction, the director owned 790 shares in the company, valued at approximately $553,000. This represents a 62.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajesh Vashist sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total value of $21,033,900.00. Following the sale, the chief executive officer owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. This represents a 6.93% 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 66,840 shares of company stock worth $47,960,638 in the last quarter. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

SITM has been the topic of several recent research reports. Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. UBS Group upped their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. Needham & Company LLC boosted their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $761.25.

SiTime Stock Down 7.0%

SiTime stock opened at $557.86 on Friday. The company has a market capitalization of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94. SiTime Corporation has a 12-month low of $222.12 and a 12-month high of $901.81. The firm’s fifty day moving average is $620.85 and its 200 day moving average is $557.68. 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 (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 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 business had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same period last year, the company posted $0.47 earnings per share. The business’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. As a group, sell-side analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal 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.