Royal Bank of Canada Has $4.43 Million Stake in SiTime Corporation $SITM

Royal Bank of Canada reduced its stake in shares of SiTime Corporation (NASDAQ:SITM) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,832 shares of the company’s stock after selling 1,207 shares during the period. Royal Bank of Canada’s holdings in SiTime were worth $4,431,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of SiTime in the fourth quarter valued at about $83,977,000. Whale Rock Capital Management LLC boosted its holdings in SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after acquiring an additional 218,038 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after acquiring an additional 213,242 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in SiTime during the 4th quarter valued at approximately $59,452,000. Finally, Wellington Management Group LLP increased its position in SiTime by 36.8% during the 3rd quarter. Wellington Management Group LLP now owns 537,741 shares of the company’s stock valued at $162,027,000 after purchasing an additional 144,671 shares during the period. Institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SITM shares. Needham & Company LLC boosted their price target on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus lifted their target price on shares of SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. 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. Zacks Research cut shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.75.

Insiders Place Their Bets

In other news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Raman Chitkara sold 2,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $727.38, for a total value 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 $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 69,759 shares of company stock valued at $50,046,035. 1.40% of the stock is currently owned by corporate insiders.

SiTime Price Performance

SiTime stock opened at $687.93 on Friday. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 1,403.94 and a beta of 2.94. SiTime Corporation has a 52-week low of $204.60 and a 52-week high of $901.81. The stock’s 50 day moving average price is $635.32 and its two-hundred day moving average price is $539.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44.

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

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.