Renaissance Technologies LLC Buys 3,200 Shares of SiTime Corporation $SITM

Renaissance Technologies LLC lifted its stake in SiTime Corporation (NASDAQ:SITM) by 33.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 12,840 shares of the company’s stock after buying an additional 3,200 shares during the period. Renaissance Technologies LLC’s holdings in SiTime were worth $4,434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. boosted its holdings in SiTime by 188.5% during the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC increased its stake in SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in SiTime in the 4th quarter worth approximately $33,000. Larson Financial Group LLC lifted its position in SiTime by 3,200.0% in the third quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. Finally, Danske Bank A S bought a new stake in SiTime in the fourth quarter valued at approximately $35,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

Shares of SITM stock opened at $687.50 on Friday. The firm has a market cap of $18.15 billion, a P/E ratio of 1,403.06 and a beta of 2.94. SiTime Corporation has a fifty-two week low of $192.00 and a fifty-two week high of $901.81. The business’s 50 day moving average price is $636.23 and its 200-day moving average price is $527.52.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.86% and a net margin of 3.01%.The firm’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities analysts predict that SiTime Corporation will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other SiTime news, insider Fariborz Assaderaghi sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $702.90, for a total transaction of $702,900.00. Following the transaction, the insider directly owned 78,936 shares of the company’s stock, valued at approximately $55,484,114.40. The trade was a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajesh Vashist sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the chief executive officer owned 9,781 shares of the company’s stock, valued at $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 69,709 shares of company stock valued at $50,230,546 over the last quarter. 1.40% of the stock is owned by company insiders.

Key Stories Impacting SiTime

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q2 results exceeded expectations: SiTime reported adjusted EPS of $2.34, ahead of the roughly $1.95 consensus, while revenue rose 126.5% year over year to $157.4 million, surpassing estimates of approximately $146.5 million. SiTime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Q3 outlook dramatically topped forecasts: Management guided for $285 million-$295 million in revenue and EPS of $3.50-$3.65, well above consensus expectations of approximately $163.8 million and $1.90, respectively. The outlook reflects stronger orders, higher timing content and improving visibility into 2027. SiTime Q2 Earnings Beat Estimates, Revenues Increase Year over Year
• Positive Sentiment: AI and data-center demand are supporting growth: The earnings call highlighted AI infrastructure and time-sensitive networking, or TPD, as key drivers of the expected revenue acceleration. Growth in connected electronic devices and the company’s Renesas relationship also strengthened the forward outlook. SITM Q2 Earnings Call Points to AI Growth and TPD Upside
• Positive Sentiment: Analyst support added momentum: Needham raised its SiTime price target from $850 to $900 and maintained a Buy rating, signaling confidence that the earnings outlook could justify additional upside. SiTime Price Target Raised at Needham
• Neutral Sentiment: SiTime also benefited from a broader rebound in semiconductor stocks, although its elevated valuation—with a reported P/E ratio above 277—leaves the shares sensitive to any slowdown in AI-related demand or failure to meet the aggressive guidance.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday. Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital restated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Finally, Stifel Nicolaus upped their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SiTime has a consensus rating of “Moderate Buy” and a consensus price target of $688.75.

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.