New Mexico Educational Retirement Board Purchases New Position in SiTime Corporation $SITM

New Mexico Educational Retirement Board acquired a new position in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,700 shares of the company’s stock, valued at approximately $3,504,000.

A number of other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of SiTime in the second quarter valued at approximately $48,000. Parallel Advisors LLC lifted its holdings in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in SiTime during the 2nd quarter worth approximately $57,000. Quantbot Technologies LP bought a new stake in SiTime in the 2nd quarter valued at $63,000. Finally, Allworth Financial LP bought a new stake in SiTime in the 2nd quarter valued at $67,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Down 7.0%

SITM stock opened at $557.86 on Friday. SiTime Corporation has a 52 week low of $222.12 and a 52 week high of $901.81. The business has a 50-day simple moving average of $620.85 and a 200 day simple moving average of $557.68. 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 company has a market cap of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data 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. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the company 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. Sell-side analysts anticipate that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Insider Buying and Selling at SiTime

In related news, Director Katherine Schuelke sold 500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the sale, the director owned 12,010 shares in the company, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rajesh Vashist sold 5,000 shares of SiTime stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,781 shares in the company, valued at $7,335,750. This trade represents a 33.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 66,840 shares of company stock worth $47,960,638 in the last three months. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

SITM has been the topic of several recent research reports. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research report on Thursday, August 6th. UBS Group upped their price target on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Benchmark assumed coverage on shares of SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target on the stock. Finally, Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $761.25.

SiTime 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.