GSA Capital Partners LLP Makes New Investment in SiTime Corporation $SITM

GSA Capital Partners LLP bought a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, HoldingsChannel.com reports. The fund bought 1,039 shares of the company’s stock, valued at approximately $775,000.

A number of other institutional investors have also recently made changes to their positions in SITM. Parallel Advisors LLC grew its position in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of SiTime by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock worth $3,187,000 after purchasing an additional 25 shares during the period. CWM LLC increased its position in shares of SiTime by 4.2% during the 4th quarter. CWM LLC now owns 951 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares during the last quarter. Corient Private Wealth LLC raised its holdings in SiTime by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after buying an additional 39 shares during the period. Finally, Lazard Asset Management LLC lifted its position in SiTime by 7.7% in the second quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock worth $139,000 after buying an additional 47 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

Analysts Set New Price Targets

SITM has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Needham & Company LLC upped their target price on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Roth Capital reiterated a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.75.

Insider Activity at SiTime

In related news, Director Raman Chitkara sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the transaction, the director directly owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This trade represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the transaction, the director owned 10,999 shares in the company, valued at $8,194,255. The trade was a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,049 shares of company stock valued at $50,279,835 over the last three months. Company insiders own 1.40% of the company’s stock.

SiTime Stock Down 9.0%

Shares of SiTime stock opened at $618.71 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 1,262.67 and a beta of 2.94. The firm’s 50-day moving average is $638.25 and its two-hundred day moving average is $548.38. SiTime Corporation has a 1 year low of $204.60 and a 1 year high of $901.81.

SiTime (NASDAQ:SITM) last posted 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 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%.SiTime’s revenue was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts expect that SiTime Corporation will post 6.33 earnings per share for the current fiscal 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.