SiTime Corporation $SITM Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in SiTime Corporation (NASDAQ:SITM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,707 shares of the company’s stock, valued at approximately $30,454,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SITM. Parallel Advisors LLC raised its stake in SiTime by 26.2% during the first 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. Hanseatic Management Services Inc. lifted its holdings in SiTime by 2.0% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,378 shares of the company’s stock worth $898,000 after buying an additional 27 shares during the last quarter. Wedmont Private Capital lifted its holdings in SiTime by 4.5% during the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after buying an additional 28 shares during the last quarter. Allworth Financial LP grew its position in shares of SiTime by 50.0% in the 2nd quarter. Allworth Financial LP now owns 90 shares of the company’s stock worth $67,000 after acquiring an additional 30 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of SiTime in the 3rd quarter worth approximately $25,000. 84.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SITM has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on SiTime in a report on Thursday, September 17th. They issued an “overweight” rating and a $370.00 price target for the company. Seaport Research Partners began coverage on SiTime in a research report on Tuesday, September 22nd. They set a “neutral” rating on the stock. Rosenblatt Securities initiated coverage on SiTime in a research note on Tuesday, October 20th. They set a “buy” rating and a $750.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group boosted their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $721.00.

SiTime Stock Performance

Shares of SITM stock opened at $417.90 on Tuesday. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average of $577.25 and a two-hundred day moving average of $545.35. SiTime Corporation has a 52 week low of $243.68 and a 52 week high of $901.81. The company has a market cap of $12.57 billion, a P/E ratio of 255.70 and a beta of 2.88.

SiTime (NASDAQ:SITM) last posted its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The business’s revenue was up 126.5% compared to the same quarter last year. During the same period 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, analysts anticipate that SiTime Corporation will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other SiTime news, insider Fariborz Assaderaghi sold 1,374 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the sale, the insider directly owned 66,861 shares of the company’s stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of the stock in a transaction 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 completion of the sale, the director directly owned 12,010 shares in the company, valued at $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 15,924 shares of company stock worth $10,056,661. 1.40% of the stock is currently owned by insiders.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.