Jupiter Topco LLC Purchases Shares of 9,817 SiTime Corporation $SITM

Jupiter Topco LLC purchased a new position in SiTime Corporation (NASDAQ:SITM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,817 shares of the company’s stock, valued at approximately $7,326,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of SiTime during the 2nd quarter valued at $1,781,937,000. Invesco Ltd. lifted its stake in shares of SiTime by 1.8% during the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after buying an additional 18,165 shares in the last quarter. State Street Corp boosted its holdings in SiTime by 3.7% in the 2nd 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 during the period. Ameriprise Financial Inc. increased its stake in SiTime by 22.0% in the 2nd 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. Finally, Whale Rock Capital Management LLC increased its stake in SiTime by 45.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after buying an additional 218,038 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SiTime news, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction that occurred 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 sale, the director owned 12,010 shares of the company’s stock, valued at $8,383,580.50. The trade was a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the sale, the director directly owned 10,999 shares in the company, valued at $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 66,840 shares of company stock worth $47,960,638. Insiders own 1.40% of the company’s stock.

SiTime Price Performance

Shares of SITM stock opened at $557.86 on Monday. The company’s fifty day simple moving average is $620.85 and its two-hundred day simple moving average is $558.66. SiTime Corporation has a 52 week low of $222.12 and a 52 week high of $901.81. The stock has a market cap of $16.77 billion, a P/E ratio of 1,138.49 and a beta of 2.94. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, Needham & Company LLC upped their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two research 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $761.25.

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.