Nicholas Investment Partners LP Purchases New Stake in SiTime Corporation $SITM

Nicholas Investment Partners LP purchased a new stake in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,562 shares of the company’s stock, valued at approximately $20,549,000. SiTime comprises about 1.2% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 20th biggest position. Nicholas Investment Partners LP owned approximately 0.09% of SiTime at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of 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 period. Larson Financial Group LLC boosted its holdings in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the period. USA Financial Formulas acquired a new position in SiTime in the 1st quarter valued at about $33,000. Caitong International Asset Management Co. Ltd acquired a new position in SiTime in the 4th quarter valued at about $33,000. Finally, Danske Bank A S acquired a new position in SiTime in the 4th quarter valued at about $35,000. 84.31% of the stock is owned by institutional investors.

SiTime Stock Performance

NASDAQ SITM opened at $580.97 on Tuesday. The firm has a 50-day moving average price of $630.27 and a two-hundred day moving average price of $553.35. SiTime Corporation has a 12-month low of $222.12 and a 12-month high of $901.81. The company has a market capitalization of $17.47 billion, a P/E ratio of 1,185.65 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 announced its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Activity

In other SiTime news, insider Fariborz Assaderaghi sold 1,500 shares of SiTime stock in a transaction on Friday, May 29th. The stock was sold at an average price of $712.72, for a total value of $1,069,080.00. Following the completion of the transaction, the insider directly owned 79,936 shares of the company’s stock, valued at $56,971,985.92. The trade was a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Heckart sold 1,290 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total value of $903,000.00. Following the sale, the director owned 790 shares of the company’s stock, valued at approximately $553,000. The trade was a 62.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 68,340 shares of company stock worth $49,029,718. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SITM has been the subject of several research reports. 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research report on Friday, July 17th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, UBS Group boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $706.67.

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.