OneDigital Investment Advisors LLC Acquires New Stake in SiTime Corporation $SITM

OneDigital Investment Advisors LLC bought a new position in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,344 shares of the company’s stock, valued at approximately $1,002,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of SiTime in the 4th quarter valued at about $83,977,000. Whale Rock Capital Management LLC raised its position in shares of SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after acquiring an additional 218,038 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after acquiring an additional 213,242 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of SiTime in the fourth quarter worth approximately $59,452,000. Finally, Bank of New York Mellon Corp bought a new stake in SiTime in the second quarter valued at approximately $123,264,000. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Trading Up 5.3%

Shares of SITM stock opened at $749.44 on Tuesday. SiTime Corporation has a fifty-two week low of $204.60 and a fifty-two week high of $901.81. 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 50 day simple moving average of $638.75 and a two-hundred day simple moving average of $544.35. The company has a market cap of $22.54 billion, a P/E ratio of 1,529.47 and a beta of 2.94.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 4.99% and a net margin of 3.01%.The company’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SITM. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Roth Capital reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. 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 report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $688.75.

Insider Activity at SiTime

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total value of $21,033,900.00. Following the completion of the sale, the chief executive officer directly owned 402,898 shares in the company, valued at approximately $282,483,874.74. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction on Friday, June 12th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 69,759 shares of company stock worth $50,046,035 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

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.