Two Sigma Securities LLC Trims Stake in SiTime Corporation $SITM

Two Sigma Securities LLC lessened its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 77.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,251 shares of the company’s stock after selling 4,311 shares during the quarter. Two Sigma Securities LLC’s holdings in SiTime were worth $933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SITM. Wedbush Securities Inc. purchased a new position in SiTime in the second quarter worth $310,000. Meiji Yasuda Life Insurance Co purchased a new stake in SiTime during the second quarter valued at about $716,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SiTime by 21.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,949 shares of the company’s stock valued at $38,731,000 after purchasing an additional 9,241 shares in the last quarter. New Mexico Educational Retirement Board bought a new stake in SiTime during the second quarter worth about $3,504,000. Finally, Van ECK Associates Corp lifted its stake in SiTime by 32.6% during the second quarter. Van ECK Associates Corp now owns 14,990 shares of the company’s stock worth $11,176,000 after purchasing an additional 3,683 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Price Performance

Shares of SITM stock opened at $565.42 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The firm has a market cap of $17.00 billion, a P/E ratio of 1,153.92 and a beta of 2.94. The business’s 50 day moving average price is $617.09 and its 200-day moving average price is $559.73.

SiTime (NASDAQ:SITM) last announced 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. The company had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm’s revenue was up 126.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities research analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Transactions at SiTime

In other SiTime news, CEO Rajesh Vashist sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $750.00, for a total value of $3,750,000.00. Following the completion of the sale, the chief executive officer directly owned 9,781 shares in the company, valued at $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the transaction, the director owned 12,481 shares in the company, valued at $9,007,163.27. This trade represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,550 shares of company stock worth $47,057,638. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SITM. Needham & Company LLC boosted their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Benchmark assumed coverage on shares of SiTime in a research note on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target on the stock. Roth Capital restated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, May 7th. Finally, UBS Group upped their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $761.25.

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.