960 Shares in SiTime Corporation $SITM Purchased by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co purchased a new stake in shares of SiTime Corporation (NASDAQ:SITM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 960 shares of the company’s stock, valued at approximately $716,000.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of SiTime by 12.5% during the 1st quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock worth $675,000 after purchasing an additional 491 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of SiTime by 33.6% in the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after purchasing an additional 88 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of SiTime by 310.8% in the first quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock valued at $1,557,000 after purchasing an additional 8,136 shares in the last quarter. Intech Investment Management LLC lifted its position in SiTime by 21.6% in the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,477 shares during the period. Finally, M&T Bank Corp bought a new position in SiTime in the second quarter worth $240,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Stock Performance

Shares of NASDAQ:SITM opened at $557.86 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The business’s fifty day moving average price is $620.85 and its two-hundred day moving average price is $557.68. SiTime Corporation has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 1,138.49 and a beta of 2.94.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SITM. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 target price on shares of SiTime in a research report on Thursday, August 6th. Roth Capital reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Benchmark started coverage on shares of SiTime in a research note on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SiTime has an average rating of “Buy” and an average target price of $761.25.

Insider Activity

In other news, Director Christine Heckart sold 1,290 shares of SiTime stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total value of $903,000.00. Following the completion of the transaction, the director owned 790 shares in the company, valued at approximately $553,000. The trade was a 62.02% decrease in their ownership of the stock. The transaction 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 that occurred on Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total value of $21,033,900.00. Following the sale, the chief executive officer 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. 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 sold a total of 66,840 shares of company stock worth $47,960,638 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.