Torsten Kreindl Sells 1,050 Shares of SiTime (NASDAQ:SITM) Stock

SiTime Corporation (NASDAQ:SITM) Director Torsten Kreindl sold 1,050 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the sale, the director directly owned 12,481 shares in the company, valued at $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Torsten Kreindl also recently made the following trade(s):

• On Thursday, May 21st, Torsten Kreindl sold 710 shares of SiTime stock. The stock was sold at an average price of $720.00, for a total value of $511,200.00.

SiTime Price Performance

SITM opened at $667.10 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The stock has a market capitalization of $20.06 billion, a P/E ratio of 1,361.43 and a beta of 2.94. The company’s 50-day simple moving average is $636.35 and its two-hundred day simple moving average is $534.35. SiTime Corporation has a 52-week low of $204.30 and a 52-week high of $901.81.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, analysts predict that SiTime Corporation will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SITM. Vanguard Group Inc. grew its position in shares of SiTime by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock valued at $997,904,000 after acquiring an additional 61,336 shares during the period. BlackRock Inc. bought a new position in SiTime in the 2nd quarter worth $1,781,937,000. Invesco Ltd. lifted its position in SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after purchasing an additional 18,165 shares in the last quarter. State Street Corp lifted its position in SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after purchasing an additional 32,178 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after purchasing an additional 132,948 shares during the period. 84.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on SITM. Roth Capital reaffirmed a “buy” rating and issued a $900.00 target price on shares of SiTime in a research report on Thursday, May 7th. Zacks Research downgraded SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. UBS Group raised their price target on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus upped their price objective on SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $688.75.

About SiTime

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.