Public Employees Retirement System of Ohio Buys Shares of 6,334 SiTime Corporation $SITM

Public Employees Retirement System of Ohio bought a new position in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,334 shares of the company’s stock, valued at approximately $4,722,000.

A number of other institutional investors have also made changes to their positions in SITM. Principal Financial Group Inc. lifted its holdings in shares of SiTime by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 363,953 shares of the company’s stock worth $128,545,000 after acquiring an additional 13,577 shares during the last quarter. Tairen Capital Ltd acquired a new stake in SiTime in the 2nd quarter valued at approximately $9,320,000. Stephens Investment Management Group LLC purchased a new stake in SiTime in the first quarter valued at approximately $24,135,000. Rockefeller Capital Management L.P. lifted its stake in SiTime by 1,368.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock worth $4,994,000 after purchasing an additional 1,688 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SiTime

In other SiTime news, Director Raman Chitkara sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the completion of the sale, the director directly owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This trade represents a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction 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 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 24,550 shares of company stock valued at $18,309,538 over the last quarter. 1.40% of the stock is owned by corporate insiders.

SiTime Stock Performance

Shares of SiTime stock opened at $568.82 on Thursday. The business has a 50-day simple moving average of $611.55 and a 200-day simple moving average of $561.58. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime Corporation has a one year low of $222.12 and a one year high of $901.81. The company has a market cap of $17.10 billion, a PE ratio of 1,160.86 and a beta of 2.86.

SiTime (NASDAQ:SITM) last issued its 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. The firm 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 firm’s revenue was up 126.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities research analysts forecast that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $400.00 to $850.00 in a research note on Thursday, May 7th. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Roth Capital reaffirmed a “buy” rating and set a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Needham & Company LLC boosted their price target on shares of SiTime from $850.00 to $900.00 and gave the stock 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 assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $761.25.

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.