Geneva Partners LLC Invests $1.11 Million in SiTime Corporation $SITM

Geneva Partners LLC bought a new position in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,485 shares of the company’s stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in SiTime during the second quarter valued at about $48,000. Rakuten Securities Inc. raised its stake in shares of SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after buying an additional 49 shares during the period. Parallel Advisors LLC lifted its position in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of SiTime during the 2nd quarter valued at about $57,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of SiTime during the 4th quarter valued at approximately $33,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,709 shares of SiTime stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $731.49, for a total value of $1,250,116.41. Following the sale, the insider directly owned 81,436 shares in the company, valued at approximately $59,569,619.64. The trade was a 2.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 30,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the completion of the sale, the chief executive officer owned 402,898 shares in the company, valued at approximately $282,483,874.74. The trade was a 6.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 70,049 shares of company stock valued at $50,279,835. 1.40% of the stock is owned by corporate insiders.

SiTime Stock Performance

NASDAQ:SITM opened at $618.71 on Thursday. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. SiTime Corporation has a 12-month low of $204.60 and a 12-month high of $901.81. The stock has a 50-day moving average price of $638.25 and a 200 day moving average price of $548.38. The stock has a market capitalization of $18.60 billion, a P/E ratio of 1,262.67 and a beta of 2.94.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the company posted $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. Equities research analysts forecast that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Finally, Roth Capital restated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $688.75.

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.