18,963 Shares in SiTime Corporation $SITM Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of SiTime Corporation (NASDAQ:SITM) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 18,963 shares of the company’s stock, valued at approximately $13,680,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of SiTime by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after purchasing an additional 61,336 shares during the period. BlackRock Inc. bought a new stake in SiTime during the second quarter worth about $1,781,937,000. Invesco Ltd. lifted its position in SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after purchasing an additional 18,165 shares during the period. State Street Corp grew its stake in SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after buying an additional 32,178 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after buying an additional 132,948 shares in the last quarter. 84.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SiTime

In related news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction dated 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 directly owned 10,999 shares in the company, valued at approximately $8,194,255. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajesh Vashist sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the transaction, the chief executive officer owned 9,781 shares in the company, valued at approximately $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 66,840 shares of company stock worth $47,960,638. 1.40% of the stock is owned by insiders.

SiTime Price Performance

Shares of SITM opened at $599.89 on Friday. The business’s fifty day moving average is $624.27 and its 200 day moving average is $557.67. SiTime Corporation has a 12-month low of $222.12 and a 12-month high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The stock has a market cap of $18.04 billion, a P/E ratio of 1,224.27 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note 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. Needham & Company LLC raised their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Finally, Roth Capital reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $706.67.

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.