Royal Bank of Canada Sells 1,207 Shares of SiTime Corporation $SITM

Royal Bank of Canada decreased its holdings in shares of SiTime Corporation (NASDAQ:SITM) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,832 shares of the company’s stock after selling 1,207 shares during the period. Royal Bank of Canada’s holdings in SiTime were worth $4,431,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock valued at $997,904,000 after buying an additional 61,336 shares during the last quarter. Invesco Ltd. raised its holdings in shares of SiTime by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after acquiring an additional 18,165 shares during the last quarter. State Street Corp lifted its position in SiTime by 3.7% in the 2nd quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after acquiring an additional 32,178 shares in the last quarter. Ameriprise Financial Inc. lifted its position in SiTime by 22.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after acquiring an additional 132,948 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its stake in SiTime by 45.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after purchasing an additional 218,038 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

Insider Buying and Selling at SiTime

In other SiTime news, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the transaction, the director owned 12,010 shares in the company, valued at $8,383,580.50. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajesh Vashist sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 9,781 shares of the company’s stock, valued at approximately $7,335,750. This represents a 33.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,759 shares of company stock valued at $50,046,035 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

SiTime Trading Up 1.1%

NASDAQ:SITM opened at $687.93 on Friday. SiTime Corporation has a 52 week low of $204.60 and a 52 week high of $901.81. The firm has a 50-day moving average price of $635.32 and a two-hundred day moving average price of $539.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 1,403.94 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company’s revenue was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities analysts expect that SiTime Corporation will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SITM shares. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Zacks Research cut SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $400.00 to $850.00 in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Finally, Stifel Nicolaus raised their price objective on SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $688.75.

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.