NY State Common Retirement Fund Increases Stake in SiTime Corporation by 36.9% in Q1
August 9, 2023
🌥️Trending News
SITIME ($NASDAQ:SITM): SiTime Corporation is a leading provider of silicon timing solutions. The company’s portfolio of MEMS-based silicon timing solutions enable system designers to reduce design and development time and cost while achieving lower power consumption, higher performance, and wider temperature range. The increase in the New York State Common Retirement Fund’s stake in SiTime Co. is a sign of greater investor confidence in the company. With the rise in ownership, SiTime can expect to see a significant influx of capital that can be used to strengthen its existing product portfolio and explore new opportunities.
This will allow the company to remain competitive in the silicon timing solutions market, while expanding its reach into other industries. With the New York State Common Retirement Fund’s increased stake in the company, SiTime is poised to take its business to new heights.
Analysis
At GoodWhale, we have analyzed the fundamentals of SITIME CORPORATION and discovered that it is a medium risk investment in terms of both its financial and business aspects. Our Risk Rating shows that there are 4 potential risk warnings in their income sheet, balance sheet, cashflow statement and financial journal. If you’re interested in exploring these further, you can become a registered user on our platform to access the full report. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sitime Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 200 | -38.16 | -19.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sitime Corporation. More…
| Operations | Investing | Financing |
| 7.09 | -551.37 | -5.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sitime Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.5 | 37.24 | 31.89 |
Key Ratios Snapshot
Some of the financial key ratios for Sitime Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.4% | – | -28.4% |
| FCF Margin | ROE | ROA |
| -8.5% | -5.0% | -4.8% |
Peers
The competition between SiTime Corp and its competitors is fierce.
– Semiconductor Manufacturing International Corp ($SEHK:00981)
Semiconductor Manufacturing International Corporation is a foundry that designs and manufactures semiconductor products for clients in the global electronics industry. The company has a market capitalization of $176.68 billion as of 2022 and a return on equity of 8.15%. SMIC is the largest foundry in China and the fourth largest in the world. The company’s clients include some of the world’s leading semiconductor companies.
– Supreme Electronics Co Ltd ($TWSE:8112)
Supreme Electronics Co Ltd is a leading provider of electronic components and solutions. The company has a market cap of 14.06B as of 2022 and a Return on Equity of 24.78%. Supreme Electronics Co Ltd is a diversified company that offers a wide range of products and services to its customers. The company’s product portfolio includes semiconductors, passive components, interconnects, and electromechanical products. Supreme Electronics Co Ltd is a publicly traded company listed on the Hong Kong Stock Exchange.
– Monolithic Power Systems Inc ($NASDAQ:MPWR)
Monolithic Power Systems Inc is a leading provider of power solutions for the computing, consumer, industrial, and automotive markets. The company’s products are used in a wide range of applications, including servers, storage, networking, and communications equipment; PCs, laptops, and tablets; smartphones and other handheld devices; video game consoles; and a variety of other consumer electronics. Monolithic Power Systems Inc has a market cap of 15.57B as of 2022, a Return on Equity of 18.16%. The company’s products are used in a wide range of applications, including servers, storage, networking, and communications equipment; PCs, laptops, and tablets; smartphones and other handheld devices; video game consoles; and a variety of other consumer electronics.
Summary
SiTime Corporation, a leading provider of silicon timing solutions, has seen an increase in investor interest. The New York State Common Retirement Fund has boosted its stake in SiTime by 36.9% in the first quarter of the year. This is a sign that investors are seeing potential in the company and are increasingly looking to capitalize on its growth. SiTime’s innovative products, including its MEMS oscillators, clock generators, and programmable clocks, have been driving its success, and this renewed investor attention is likely to fuel further growth.
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