Peregrine Investment Management Inc. Has $16.21 Million Stock Position in SiTime Corporation $SITM

Peregrine Investment Management Inc. lowered its stake in shares of SiTime Corporation (NASDAQ:SITM) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,800 shares of the company’s stock after selling 14,070 shares during the quarter. SiTime comprises 8.0% of Peregrine Investment Management Inc.’s holdings, making the stock its 2nd largest holding. Peregrine Investment Management Inc.’s holdings in SiTime were worth $16,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of SiTime by 190.3% during the third quarter. Hantz Financial Services Inc. now owns 90 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of SiTime during the 3rd quarter worth approximately $47,000. Global Retirement Partners LLC lifted its position in SiTime by 3,220.0% during the third quarter. Global Retirement Partners LLC now owns 166 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Bessemer Group Inc. lifted its position in SiTime by 27.4% during the third quarter. Bessemer Group Inc. now owns 186 shares of the company’s stock valued at $55,000 after acquiring an additional 40 shares during the last quarter. Finally, State of Wyoming acquired a new stake in SiTime in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime News Roundup

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q4 earnings beat and strong top-line growth: SiTime reported $1.53 EPS vs. $1.20 expected and revenue of $113.3M (vs. $101.9M est.), with revenue up ~66% year-over-year — a near-term fundamental tailwind. Earnings & data
• Positive Sentiment: Analyst support: Multiple brokerages have high targets and buy/outperform calls (Goldman Sachs initiated at Buy; Stifel, Barclays and others set targets above the current trading level), giving a consensus “Moderate Buy” view and an average target near $409. Analyst coverage
• Neutral Sentiment: High institutional ownership and momentum: Institutions own ~84% of SITM and the stock recently traded near its 52‑week highs, which can amplify moves in either direction. Ownership data
• Neutral Sentiment: Business profile: SiTime’s MEMS timing products address telecom, data center, automotive and industrial markets — a structurally attractive end‑market mix but cyclical exposure to semiconductor demand. Company profile
• Negative Sentiment: Large insider sale — Samsheer Ahamad: Sold 9,100 shares at ~$441.47 for ~$4.02M on Feb 11 (reducing his stake ~14.7%), a sizable disposition that often pressures near‑term sentiment. Insider sale
• Negative Sentiment: Other insider sales: Director and exec sales include a ~$1.51M director sale (reported) plus Fariborz Assaderaghi selling 2,112 shares at $428.08 and 500 shares at $416.06 — these multiple Form 4 filings increase selling pressure and raise questions about timing/intent. Director sale SEC filing

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SITM shares. The Goldman Sachs Group began coverage on SiTime in a research report on Monday, December 15th. They set a “buy” rating and a $420.00 price target on the stock. Barclays set a $400.00 price target on shares of SiTime in a report on Thursday, February 5th. Roth Mkm reiterated a “buy” rating and issued a $450.00 target price on shares of SiTime in a research note on Thursday, February 5th. Needham & Company LLC raised their price target on shares of SiTime from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $409.38.

Insider Transactions at SiTime

In other SiTime news, insider Samsheer Ahamad sold 9,100 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $441.47, for a total transaction of $4,017,377.00. Following the sale, the insider directly owned 52,938 shares in the company, valued at $23,370,538.86. This represents a 14.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Fariborz Assaderaghi sold 2,112 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $428.08, for a total value of $904,104.96. Following the sale, the insider directly owned 97,937 shares in the company, valued at $41,924,870.96. This represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 24,712 shares of company stock valued at $9,562,777. Insiders own 2.10% of the company’s stock.

SiTime Stock Down 3.0%

SITM stock opened at $423.20 on Friday. SiTime Corporation has a 52-week low of $105.40 and a 52-week high of $446.96. The business has a fifty day moving average of $367.66 and a two-hundred day moving average of $301.88. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of -232.53 and a beta of 2.51.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. SiTime had a negative net margin of 13.13% and a negative return on equity of 2.06%. The business had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $101.91 million. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was up 66.3% on a year-over-year basis. As a group, sell-side analysts anticipate that SiTime Corporation will post -2.44 EPS for the current year.

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.