Sanctuary Advisors LLC Buys New Holdings in SiTime Corporation $SITM

Sanctuary Advisors LLC purchased a new position in shares of SiTime Corporation (NASDAQ:SITM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,335 shares of the company’s stock, valued at approximately $995,000.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of SiTime in the second quarter worth $48,000. Parallel Advisors LLC boosted its holdings in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in SiTime in the second quarter valued at $57,000. Quantbot Technologies LP acquired a new stake in SiTime during the 2nd quarter worth about $63,000. Finally, Allworth Financial LP purchased a new position in shares of SiTime during the 2nd quarter valued at about $67,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SiTime

In other news, Director Torsten Kreindl sold 1,050 shares of SiTime 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 sale, the director directly owned 12,481 shares of the company’s stock, valued at $9,007,163.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director directly owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. This represents a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 66,840 shares of company stock worth $47,960,638 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their price objective on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Benchmark started coverage on SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Barclays raised shares of SiTime from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Finally, UBS Group boosted their target price 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 given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $706.67.

SiTime Stock Performance

NASDAQ:SITM opened at $599.89 on Friday. 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 stock has a market capitalization of $18.04 billion, a PE ratio of 1,224.27 and a beta of 2.94. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The company has a fifty day moving average of $624.27 and a two-hundred day moving average of $557.67.

SiTime (NASDAQ:SITM) last released its 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. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

SiTime Company 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.