Polymer Capital Management HK LTD Purchases New Stake in SiTime Corporation $SITM

Polymer Capital Management HK LTD acquired a new position in SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $1,491,000.

A number of other institutional investors have also recently bought and sold shares of SITM. Royal Bank of Canada increased its holdings in shares of SiTime by 12.5% in the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after purchasing an additional 491 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of SiTime by 33.6% during the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock worth $54,000 after purchasing an additional 88 shares during the period. AQR Capital Management LLC boosted its holdings in shares of SiTime by 310.8% during the first quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after purchasing an additional 8,136 shares during the period. Intech Investment Management LLC grew its position in SiTime by 21.6% during the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,477 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in SiTime during the second quarter valued at approximately $240,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Price Performance

NASDAQ SITM opened at $614.83 on Monday. 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 stock has a market capitalization of $18.49 billion, a PE ratio of 1,254.76 and a beta of 2.94. The company has a 50 day moving average price of $633.50 and a two-hundred day moving average price of $551.73. SiTime Corporation has a 12-month low of $221.52 and a 12-month 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 the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s quarterly revenue was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities analysts predict that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SITM shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research report on Thursday, August 6th. UBS Group boosted their price target on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Roth Capital reaffirmed a “buy” rating and issued a $900.00 price target on shares of SiTime in a research note on Thursday, May 7th. Finally, Benchmark started coverage on SiTime in a report on Wednesday. They set a “buy” rating and a $850.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SiTime currently has a consensus rating of “Buy” and an average price target of $706.67.

Insider Activity at SiTime

In other news, insider Fariborz Assaderaghi sold 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $712.72, for a total transaction of $1,069,080.00. Following the transaction, the insider owned 79,936 shares of the company’s stock, valued at approximately $56,971,985.92. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 402,898 shares in the company, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their position. 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. Over the last quarter, insiders sold 68,340 shares of company stock valued at $49,029,718. Insiders own 1.40% of the company’s stock.

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.