Osterweis Capital Management Inc. Acquires Shares of 16,670 SiTime Corporation $SITM

Osterweis Capital Management Inc. acquired a new stake in shares of SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,670 shares of the company’s stock, valued at approximately $12,428,000. Osterweis Capital Management Inc. owned about 0.06% of SiTime at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SITM. Parallel Advisors LLC boosted its position in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the last quarter. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. USA Financial Formulas bought a new stake in SiTime in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in SiTime in the 4th quarter worth $33,000. Finally, Danske Bank A S purchased a new stake in SiTime in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Rajesh Vashist sold 5,000 shares of the 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 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director owned 10,999 shares of the company’s stock, valued at $8,194,255. This trade represents a 8.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 68,340 shares of company stock valued at $49,029,718. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SITM has been the subject of a number of research analyst reports. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. UBS Group boosted their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Roth Capital restated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, SiTime currently has a consensus rating of “Buy” and an average price target of $706.67.

SiTime Stock Performance

NASDAQ SITM opened at $580.97 on Tuesday. The business’s 50 day moving average price is $630.27 and its 200-day moving average price is $553.35. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The company has a market cap of $17.47 billion, a P/E ratio of 1,185.65 and a beta of 2.94. 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 (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (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 the consensus estimate 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 period last year, the company earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts predict that SiTime Corporation will post 6.33 earnings per share 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.