SiTime (SITM)
Market Price (8/6/2026): $712.76 | Market Cap: $18.8 BilSector: Information Technology | Industry: Semiconductors
SiTime (SITM)
Market Price (8/6/2026): $712.76Market Cap: $18.8 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 65% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10% Expensive valuation multiplesP/SPrice/Sales ratio is 38x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 138x Stock price has recently run up significantly12M Rtn12 month market price return is 175% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 29% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5% Key risksSITM key risks include [1] its complete dependence on third parties for all critical manufacturing, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 65% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 38x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 138x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 175% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5% |
| Key risksSITM key risks include [1] its complete dependence on third parties for all critical manufacturing, Show more. |
Qualitative Assessment
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SiTime (SITM) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Significant Insider Selling Exceeded $5 Million.
SiTime's CEO, Rajesh Vashist, conducted two notable open-market sales of common stock during the period. On June 15, 2026, he sold shares valued at approximately $15 million, and on June 3, 2026, he sold shares totaling approximately $28 million. Overall, insider selling across the company amounted to $365.3 million over the past three months with no insider purchases, which can be perceived negatively by the market and contribute to downward pressure on the stock price.
2. High Valuation Leading to Market Correction.
Prior to the recent earnings, SiTime's stock was trading at an elevated valuation, making it susceptible to a correction. The company's Price-to-Sales (P/S) ratio stood at 36.86, significantly above its historical median of 16.1x and broader industry norms. Analyses indicated the stock was approximately 36.0% overvalued relative to its intrinsic value as of August 5, 2026, suggesting that investors may have begun to price in a more conservative outlook despite strong underlying business performance.
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SiTime (SITM) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Significant Insider Selling Exceeded $5 Million.
SiTime's CEO, Rajesh Vashist, conducted two notable open-market sales of common stock during the period. On June 15, 2026, he sold shares valued at approximately $15 million, and on June 3, 2026, he sold shares totaling approximately $28 million. Overall, insider selling across the company amounted to $365.3 million over the past three months with no insider purchases, which can be perceived negatively by the market and contribute to downward pressure on the stock price.
2. High Valuation Leading to Market Correction.
Prior to the recent earnings, SiTime's stock was trading at an elevated valuation, making it susceptible to a correction. The company's Price-to-Sales (P/S) ratio stood at 36.86, significantly above its historical median of 16.1x and broader industry norms. Analyses indicated the stock was approximately 36.0% overvalued relative to its intrinsic value as of August 5, 2026, suggesting that investors may have begun to price in a more conservative outlook despite strong underlying business performance.
3. Concerns Over Renesas Timing Business Acquisition Integration and Costs.
The acquisition of Renesas' Timing Business, which officially closed on July 1, 2026, while strategically positive for long-term revenue growth and expanding the product portfolio, also introduced market concerns regarding integration demands and operational complexity. Additionally, the acquisition incurred $8.5 million in related costs during fiscal Q2 2026 (which ended June 30, 2026), and was partly funded by convertible senior notes, contributing to increased interest expenses and potential shareholder dilution.
4. Impact of High Stock-Based Compensation and Share Dilution.
SiTime reported substantial stock-based compensation expenses, totaling $31.0 million in fiscal Q2 2026 and $61.8 million for the first half of 2026. This significant non-cash expense contributed to a $45.2 million difference between GAAP and non-GAAP operating income in fiscal Q2 2026. Concurrently, GAAP diluted weighted-average shares increased approximately 15% year-over-year to 27.5 million, raising concerns among investors about the quality of earnings and potential dilution of existing shareholdings.
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Stock Movement Drivers
Fundamental Drivers
The -3.4% change in SITM stock from 4/30/2026 to 8/5/2026 was primarily driven by a -16.5% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 562.15 | 543.12 | -3.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 327 | 380 | 16.3% |
| P/S Multiple | 45.1 | 37.7 | -16.5% |
| Shares Outstanding (Mil) | 26 | 26 | -0.5% |
| Cumulative Contribution | -3.4% |
Market Drivers
4/30/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| SITM | -3.4% | |
| Market (SPY) | 7.1% | 48.5% |
| Sector (XLK) | 16.6% | 64.4% |
Fundamental Drivers
The 49.6% change in SITM stock from 1/31/2026 to 8/5/2026 was primarily driven by a 35.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 363.11 | 543.12 | 49.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 281 | 380 | 35.0% |
| P/S Multiple | 33.6 | 37.7 | 12.1% |
| Shares Outstanding (Mil) | 26 | 26 | -1.1% |
| Cumulative Contribution | 49.6% |
Market Drivers
1/31/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| SITM | 49.6% | |
| Market (SPY) | 11.5% | 49.3% |
| Sector (XLK) | 29.4% | 58.6% |
Fundamental Drivers
The 167.7% change in SITM stock from 7/31/2025 to 8/5/2026 was primarily driven by a 80.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 202.85 | 543.12 | 167.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 230 | 380 | 65.2% |
| P/S Multiple | 20.9 | 37.7 | 80.5% |
| Shares Outstanding (Mil) | 24 | 26 | -10.2% |
| Cumulative Contribution | 167.7% |
Market Drivers
7/31/2025 to 8/5/2026| Return | Correlation | |
|---|---|---|
| SITM | 167.7% | |
| Market (SPY) | 22.8% | 47.0% |
| Sector (XLK) | 42.1% | 53.1% |
Fundamental Drivers
The 321.0% change in SITM stock from 7/31/2023 to 8/5/2026 was primarily driven by a 237.1% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 129.01 | 543.12 | 321.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 252 | 380 | 50.9% |
| P/S Multiple | 11.2 | 37.7 | 237.1% |
| Shares Outstanding (Mil) | 22 | 26 | -17.3% |
| Cumulative Contribution | 321.0% |
Market Drivers
7/31/2023 to 8/5/2026| Return | Correlation | |
|---|---|---|
| SITM | 321.0% | |
| Market (SPY) | 74.1% | 55.3% |
| Sector (XLK) | 112.4% | 59.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SITM Return | 161% | -65% | 20% | 76% | 65% | 65% | 421% |
| Peers Return | 22% | -6% | 16% | -5% | 6% | 22% | 65% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| SITM Win Rate | 67% | 42% | 67% | 67% | 50% | 75% | |
| Peers Win Rate | 52% | 40% | 52% | 44% | 50% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SITM Max Drawdown | -46% | -75% | -42% | -42% | -55% | -49% | |
| Peers Max Drawdown | -27% | -39% | -38% | -35% | -42% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: QCOM, FSLR, SLAB, POWI, CBRS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/5/2026 (YTD)
How Low Can It Go
| Event | SITM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -33.8% | -18.8% |
| % Gain to Breakeven | 51.1% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.7% | -7.8% |
| % Gain to Breakeven | 36.5% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.7% | -9.5% |
| % Gain to Breakeven | 29.4% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.8% | -6.7% |
| % Gain to Breakeven | 53.4% | 7.1% |
| Time to Breakeven | 62 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -75.1% | -24.5% |
| % Gain to Breakeven | 302.4% | 32.4% |
| Time to Breakeven | 1070 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.5% | -33.7% |
| % Gain to Breakeven | 80.1% | 50.9% |
| Time to Breakeven | 62 days | 140 days |
In The Past
SiTime's stock fell -33.8% during the 2025 US Tariff Shock. Such a loss loss requires a 51.1% gain to breakeven.
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| Event | SITM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -33.8% | -18.8% |
| % Gain to Breakeven | 51.1% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.7% | -7.8% |
| % Gain to Breakeven | 36.5% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.7% | -9.5% |
| % Gain to Breakeven | 29.4% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.8% | -6.7% |
| % Gain to Breakeven | 53.4% | 7.1% |
| Time to Breakeven | 62 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -75.1% | -24.5% |
| % Gain to Breakeven | 302.4% | 32.4% |
| Time to Breakeven | 1070 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.5% | -33.7% |
| % Gain to Breakeven | 80.1% | 50.9% |
| Time to Breakeven | 62 days | 140 days |
In The Past
SiTime's stock fell -33.8% during the 2025 US Tariff Shock. Such a loss loss requires a 51.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About SiTime (SITM)
SiTime Corporation (SITM) is a leading provider of silicon timing systems, which are essential components for the precise synchronization of electronic devices. The company specializes in designing, developing, and selling advanced timing solutions globally, enabling a wide array of electronic systems to operate accurately and reliably.
The company's main product portfolio includes silicon-based resonators, clock integrated circuits (ICs), and various types of oscillators. These products function as the "heartbeat" of electronic systems, generating stable and accurate timing signals crucial for controlling data flow, processing operations, and facilitating communication within complex digital environments.
SiTime's timing solutions are vital across a broad spectrum of industries and applications. Its primary customers and markets span critical sectors such as communications and enterprise infrastructure, automotive electronics, industrial automation, the Internet of Things (IoT), mobile devices, consumer electronics, and aerospace and defense. The company distributes its products through a network of distributors and resellers internationally.
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The 'Intel' of silicon timing chips.
Like Qualcomm, but focused on the precise silicon 'clocks' that power virtually all electronics.
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- Resonators: Components that create a stable frequency for timing applications.
- Clock Integrated Circuits (ICs): Chips designed to generate and distribute precise timing signals within electronic systems.
- Oscillators: Electronic circuits that produce a repetitive, oscillating electronic signal, essential for precise timing in devices.
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SiTime Corporation (SITM) manufactures components, specifically silicon timing systems, which are integrated into a wide range of electronic products by other companies. As is common for component suppliers with a diversified customer base, SiTime typically does not publicly disclose the names of its major customers. The company has historically stated that no single customer accounts for a significant portion (e.g., 10% or more) of its total revenue, indicating a broad and fragmented customer base rather than reliance on a few dominant customers.
Therefore, while specific customer company names are not available, SiTime's solutions are adopted by original equipment manufacturers (OEMs) and product developers across various industries. Based on the markets the company serves, its primary customers can be categorized as:
- Communications and Enterprise Equipment Manufacturers: Companies that design and produce networking infrastructure (e.g., 5G base stations, routers, switches), data center equipment (e.g., servers), and other enterprise-grade computing and communication systems.
- Automotive and Industrial Systems Manufacturers: Companies involved in creating advanced automotive electronics (e.g., ADAS, infotainment systems), industrial automation equipment, robotics, and various Internet of Things (IoT) devices for industrial applications.
- Consumer, Mobile, and Aerospace & Defense Product Manufacturers: Companies producing a broad range of consumer electronics (e.g., laptops, wearables, smart home devices), mobile devices (e.g., smartphones, tablets), and specialized, high-reliability equipment for aerospace and defense sectors.
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Rajesh Vashist, Chairman of the Board, President, and Chief Executive Officer
Mr. Vashist has served as SiTime's CEO and a director since September 2007 and as Chairman since November 2019. Prior to joining SiTime, he was CEO and chairman of the board of directors of Ikanos Communications, Inc., a semiconductor and software development company, from July 1999 to October 2006. He co-founded Ikanos Communications and led the company from a two-person pre-revenue startup to a public company with a 90% market share and a market value of $600 million. His career also includes general management and marketing roles at Adaptec, Rightworks, Vitelic Semiconductor, and Samsung Semiconductor.
Beth Howe, Executive Vice President, Finance, and Chief Financial Officer
Ms. Howe serves as the Executive Vice President of Finance and Chief Financial Officer for SiTime Corporation. She is a key financial steward for the company.
Piyush Sevalia, Executive Vice President, Marketing
Mr. Sevalia holds the position of Executive Vice President of Marketing at SiTime.
Lionel Bonnot, Executive Vice President, Worldwide Sales and Business Development
Mr. Bonnot serves as the Executive Vice President of Worldwide Sales and Business Development for SiTime.
Fariborz Assaderaghi, Executive Vice President, Engineering and Operations
Mr. Assaderaghi is the Executive Vice President of Engineering and Operations at SiTime.
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The key risks to SiTime's business include customer concentration, its ongoing struggle with profitability, and intense competition within the semiconductor industry.
- Customer Concentration: A significant portion of SiTime's revenue is derived from a limited number of customers. For instance, approximately 55% of its revenue in Q3 2024 came from just three customers, making the company vulnerable to a reduction in orders or a pullback from any major buyer, which could severely impact sales and operating results.
- Negative Profitability: SiTime has faced challenges achieving consistent profitability, reporting negative GAAP operating margins and negative free cash flow. The company does not anticipate breaking even on a GAAP basis until 2026. This sustained unprofitability, despite revenue growth, highlights the need for effective cost management and operational efficiency.
- Intense Competition and Rapid Technological Advancement: The semiconductor and timing device markets are highly competitive. SiTime faces competition from well-established quartz timing players and large analog semiconductor companies like Microchip and Texas Instruments, which could leverage their scale to offer rival timing chips at lower prices. The company must continuously innovate and adapt to rapid technological advancements to maintain its market share.
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SiTime Corporation (SITM) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and strong market trends:
-
Continued Growth in Communications, Enterprise, and Data Center (CED) Segment, Fueled by AI: The CED segment has been a primary growth engine for SiTime, consistently demonstrating robust year-over-year growth, largely driven by increasing AI CapEx spending. SiTime has strategically shifted its revenue focus, with the CED segment representing over 50% of its total revenue by 2025, a significant increase from its IPO.
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Strategic Acquisition of Renesas Timing Business: The acquisition of Renesas' Timing Business is a "transformational" event expected to significantly contribute to SiTime's top line. This acquisition is projected to add at least $300 million in revenue within the first 12 months post-acquisition and is anticipated to be accretive, boosting gross margins towards 65%. On a pro forma basis, this acquisition is expected to nearly double SiTime's 2025 CED revenue.
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Expansion into High-Growth Automotive, Robotics, and Aerospace/Defense Markets: SiTime identifies substantial opportunities in emerging and critical sectors such as autonomous driving, robotics, and military/aerospace. The demand for precision timing solutions in autonomous vehicles is particularly strong, with Level 3 cars requiring $5-$7 in timing content and Level 4 cars needing $30-$35 or more, indicating significant market expansion potential.
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Increased Timing Chip Density and Rising Average Selling Prices (ASPs): The company plans to drive revenue growth by increasing the density of timing chips per application and leveraging rising average selling prices for its products. This strategy, combined with a focus on higher-value products, has already contributed to improvements in gross margins.
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Launch and Growth of New Products and Solutions: SiTime continues to innovate and expand its product portfolio. The company has highlighted the performance of its Elite family of oscillator products and the Cascade clocking family. Furthermore, SiTime is exploring new areas such as timing modules, systems, IP, and software. The Titan resonator platform, targeting a substantial standalone resonator market, is also expected to contribute meaningful revenue in late 2026/2027.
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Share Issuance
- In Q2 2025, SiTime completed a follow-on public offering of 2 million shares at $200 per share, generating $388 million in net proceeds.
- The company successfully completed a follow-on public offering of 2,012,500 shares at $200 per share in June 2025, raising approximately $387.4 million in net proceeds, including the full exercise of underwriters' options.
- SiTime's shares outstanding increased by 8% in 2025 from 2024, and by 4.19% in 2024 from 2023.
Inbound Investments
- SCALAR GAUGE MANAGEMENT, LLC established a new stake in SiTime during Q3 2025, acquiring 27,000 shares for an estimated $8.14 million investment.
- FMR LLC added 454,965 shares to their portfolio in Q4 2025, valued at an estimated $160.7 million.
- JANE STREET GROUP, LLC added 284,494 shares in Q4 2025, for an estimated $100.5 million.
Outbound Investments
- In February 2026, SiTime agreed to acquire certain assets related to Renesas Electronics Corporation's timing business for $1.5 billion in cash and approximately 4.13 million shares of SiTime common stock.
- This acquisition is expected to accelerate SiTime's path to $1 billion in revenue and will significantly increase its clocking portfolio.
Capital Expenditures
- SiTime invested $18.3 million in capital expenditures during Q2 2025 and expects CapEx to step down in the second half of 2025.
- Capital expenditures for Q4 2025 were $12.6 million.
- The company's estimated capital expenditures for the full year 2025 are $36.22 million, with a forecast of $47.01 million for 2026.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 216.26 |
| Mkt Cap | 14.3 |
| Rev LTM | 821 |
| Op Inc LTM | 11 |
| FCF LTM | 85 |
| FCF 3Y Avg | 67 |
| CFO LTM | 105 |
| CFO 3Y Avg | 87 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 23.8% |
| Rev Chg 3Y Avg | 4.8% |
| Rev Chg Q | 2.6% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | 32.9% |
| Op Inc Chg 3Y Avg | -50.2% |
| Op Mgn LTM | 2.5% |
| Op Mgn 3Y Avg | 5.0% |
| QoQ Delta Op Mgn LTM | 1.9% |
| CFO/Rev LTM | 27.2% |
| CFO/Rev 3Y Avg | 20.0% |
| FCF/Rev LTM | 18.9% |
| FCF/Rev 3Y Avg | 0.1% |
Price Behavior
| Market Price | $543.12 | |
| Market Cap ($ Bil) | 14.3 | |
| First Trading Date | 11/21/2019 | |
| Distance from 52W High | -39.8% | |
| 50 Days | 200 Days | |
| DMA Price | $633.13 | $460.38 |
| DMA Trend | up | down |
| Distance from DMA | -14.2% | 18.0% |
| 3M | 1YR | |
| Volatility | 100.7% | 81.1% |
| Downside Capture | 412.04 | 264.59 |
| Upside Capture | 274.32 | 318.73 |
| Correlation (SPY) | 48.2% | 46.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.85 | 3.71 | 3.45 | 3.08 | 2.91 | 2.69 |
| Up Beta | 12.04 | 6.31 | 5.38 | 3.75 | 3.36 | 2.84 |
| Down Beta | -0.04 | 1.90 | 2.67 | 2.95 | 2.80 | 2.64 |
| Up Capture | 180% | 325% | 356% | 564% | 1057% | 9373% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 9 | 20 | 31 | 65 | 137 | 399 |
| Down Capture | 577% | 340% | 292% | 203% | 165% | 112% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 23 | 32 | 61 | 115 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SITM | |
|---|---|---|---|---|
| SITM | 172.2% | 81.0% | 1.57 | - |
| Sector ETF (XLK) | 42.5% | 25.9% | 1.33 | 52.8% |
| Equity (SPY) | 23.1% | 12.9% | 1.34 | 46.5% |
| Gold (GLD) | 25.4% | 28.3% | 0.79 | 11.5% |
| Commodities (DBC) | 29.5% | 19.8% | 1.19 | -9.9% |
| Real Estate (VNQ) | 14.4% | 13.7% | 0.74 | 5.2% |
| Bitcoin (BTCUSD) | -44.6% | 42.9% | -1.25 | 16.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SITM | |
|---|---|---|---|---|
| SITM | 34.5% | 77.2% | 0.72 | - |
| Sector ETF (XLK) | 20.4% | 25.8% | 0.70 | 62.2% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 57.9% |
| Gold (GLD) | 18.2% | 18.6% | 0.79 | 9.2% |
| Commodities (DBC) | 8.1% | 19.6% | 0.31 | 12.6% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 33.5% |
| Bitcoin (BTCUSD) | 9.9% | 53.0% | 0.37 | 27.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SITM | |
|---|---|---|---|---|
| SITM | 40.6% | 79.0% | 1.00 | - |
| Sector ETF (XLK) | 24.6% | 24.9% | 0.89 | 58.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 53.3% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 11.3% |
| Commodities (DBC) | 7.1% | 18.0% | 0.31 | 16.0% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 35.4% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 25.9% |
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Returns Analyses
Earnings Returns History
Updated 8/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 27.9% | 34.0% | 0.4% |
| 2/4/2026 | 17.9% | 25.4% | -5.9% |
| 11/5/2025 | 21.8% | 9.6% | 29.7% |
| 8/6/2025 | -5.6% | 3.6% | 11.4% |
| 5/7/2025 | 13.4% | 22.1% | 23.9% |
| 2/5/2025 | -20.9% | -24.7% | -21.6% |
| 11/6/2024 | 19.0% | 6.8% | 22.4% |
| 8/7/2024 | 10.6% | 14.1% | 15.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 15 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 12.7% | 10.8% | 15.9% |
| Median Negative | -12.4% | -11.5% | -24.8% |
| Max Positive | 31.2% | 47.0% | 52.9% |
| Max Negative | -34.9% | -34.9% | -52.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 27.9% | 34.0% | 0.4% |
| 2/4/2026 | 17.9% | 25.4% | -5.9% |
| 11/5/2025 | 21.8% | 9.6% | 29.7% |
| 8/6/2025 | -5.6% | 3.6% | 11.4% |
| 5/7/2025 | 13.4% | 22.1% | 23.9% |
| 2/5/2025 | -20.9% | -24.7% | -21.6% |
| 11/6/2024 | 19.0% | 6.8% | 22.4% |
| 8/7/2024 | 10.6% | 14.1% | 15.9% |
| 5/8/2024 | 28.3% | 33.6% | 22.7% |
| 2/13/2024 | -4.2% | -16.7% | -27.7% |
| 11/1/2023 | 12.0% | 11.9% | 14.3% |
| 8/2/2023 | 8.7% | 7.5% | 4.3% |
| 5/3/2023 | -20.7% | -21.4% | -4.3% |
| 2/1/2023 | 6.2% | 1.9% | 9.3% |
| 11/2/2022 | -8.2% | 1.5% | 19.3% |
| 8/3/2022 | -34.9% | -34.9% | -52.4% |
| 2/2/2022 | -16.6% | -6.2% | -24.8% |
| 8/4/2021 | 31.2% | 47.0% | 52.9% |
| 5/4/2021 | 6.5% | -0.2% | 11.2% |
| 2/3/2021 | -2.8% | -0.2% | -27.8% |
| 11/4/2020 | 2.1% | -0.4% | 10.9% |
| 8/5/2020 | 5.9% | 7.6% | 25.0% |
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 15 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 12.7% | 10.8% | 15.9% |
| Median Negative | -12.4% | -11.5% | -24.8% |
| Max Positive | 31.2% | 47.0% | 52.9% |
| Max Negative | -34.9% | -34.9% | -52.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/16/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/21/2019 | 424B4 |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bonnot, Lionel | See Remarks | Direct | Sell | 6152026 | 736.02 | 500 | 368,010 | 53,580,048 | Form |
| 2 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 6152026 | 750.20 | 15,000 | 11,253,000 | 291,001,080 | Form |
| 3 | Vashist, Rajesh | Chief Executive Officer | See Footnote | Sell | 6152026 | 750.00 | 5,000 | 3,750,000 | 7,335,750 | Form |
| 4 | Chitkara, Raman | Direct | Sell | 6152026 | 727.38 | 2,000 | 1,454,760 | 14,473,407 | Form | |
| 5 | Pangrazio, Vincent P | See Remarks | Direct | Sell | 6152026 | 725.32 | 2,000 | 1,450,640 | 38,743,693 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bonnot, Lionel | See Remarks | Direct | Sell | 6152026 | 736.02 | 500 | 368,010 | 53,580,048 | Form |
| 2 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 6152026 | 750.20 | 15,000 | 11,253,000 | 291,001,080 | Form |
| 3 | Vashist, Rajesh | Chief Executive Officer | See Footnote | Sell | 6152026 | 750.00 | 5,000 | 3,750,000 | 7,335,750 | Form |
| 4 | Chitkara, Raman | Direct | Sell | 6152026 | 727.38 | 2,000 | 1,454,760 | 14,473,407 | Form | |
| 5 | Pangrazio, Vincent P | See Remarks | Direct | Sell | 6152026 | 725.32 | 2,000 | 1,450,640 | 38,743,693 | Form |
| 6 | Bonnot, Lionel | See Remarks | Direct | Sell | 6152026 | 700.00 | 1,000 | 700,000 | 51,307,900 | Form |
| 7 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 6052026 | 710.79 | 1,000 | 710,794 | 55,396,441 | Form |
| 8 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 6052026 | 702.90 | 1,000 | 702,900 | 55,484,114 | Form |
| 9 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 6052026 | 701.13 | 30,000 | 21,033,900 | 282,483,875 | Form |
| 10 | Vashist, Rajesh | Chief Executive Officer | See Footnote | Sell | 6052026 | 701.13 | 10,000 | 7,011,300 | 10,363,403 | Form |
| 11 | Heckart, Christine | Direct | Sell | 6042026 | 700.00 | 1,290 | 903,000 | 553,000 | Form | |
| 12 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 6022026 | 712.72 | 1,500 | 1,069,080 | 56,971,986 | Form |
| 13 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 5272026 | 731.49 | 1,709 | 1,250,116 | 59,569,620 | Form |
| 14 | Kreindl, Torsten | Direct | Sell | 5222026 | 720.00 | 710 | 511,200 | 9,461,520 | Form | |
| 15 | Megachips, Corp /fi | Direct | Sell | 5182026 | 779.50 | 400,000 | 311,800,000 | 2,354,090,000 | Form | |
| 16 | Takata, Akira | Direct | Sell | 5142026 | 860.86 | 1,500 | 1,291,290 | 10,531,761 | Form | |
| 17 | Sevalia, Piyush B | See Remarks | Direct | Sell | 4212026 | 484.05 | 2,419 | 1,170,917 | 40,781,212 | Form |
| 18 | Sevalia, Piyush B | See Remarks | Direct | Sell | 4142026 | 425.00 | 1,247 | 529,975 | 36,834,325 | Form |
| 19 | Sevalia, Piyush B | See Remarks | Direct | Sell | 3272026 | 375.00 | 1,249 | 468,375 | 32,968,500 | Form |
| 20 | Chitkara, Raman | Direct | Sell | 3042026 | 425.03 | 501 | 212,940 | 9,141,544 | Form | |
| 21 | Bonnot, Lionel | See Remarks | Direct | Sell | 2242026 | 406.48 | 3,933 | 1,598,686 | 32,629,776 | Form |
| 22 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 2242026 | 406.45 | 4,984 | 2,025,747 | 36,252,901 | Form |
| 23 | Bonnot, Lionel | See Remarks | Direct | Sell | 2242026 | 411.35 | 193 | 79,391 | 34,638,549 | Form |
| 24 | Sevalia, Piyush B | See Remarks | Direct | Sell | 2192026 | 425.00 | 566 | 240,550 | 39,492,275 | Form |
| 25 | Sevalia, Piyush B | See Remarks | Direct | Sell | 2192026 | 413.08 | 566 | 233,803 | 38,618,436 | Form |
| 26 | Ahamad, Samsheer | See Remarks | Direct | Sell | 2122026 | 441.47 | 9,100 | 4,017,377 | 23,370,539 | Form |
| 27 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 2122026 | 428.08 | 2,112 | 904,105 | 41,924,871 | Form |
| 28 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 2122026 | 416.06 | 500 | 208,030 | 41,626,387 | Form |
| 29 | Takata, Akira | Direct | Sell | 2102026 | 431.73 | 3,500 | 1,511,055 | 5,929,380 | Form | |
| 30 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 1062026 | 369.20 | 2,000 | 738,400 | 159,350,043 | Form |
| 31 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 12032025 | 302.08 | 1,500 | 453,120 | 25,167,795 | Form |
| 32 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 12032025 | 291.58 | 1,500 | 437,370 | 24,730,358 | Form |
| 33 | Ahamad, Samsheer | See Remarks | Direct | Sell | 12032025 | 291.10 | 4,000 | 1,164,400 | 15,053,072 | Form |
| 34 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 12032025 | 291.02 | 2,000 | 582,040 | 126,188,891 | Form |
| 35 | Bonnot, Lionel | See Remarks | Direct | Sell | 11252025 | 269.83 | 1,078 | 290,877 | 19,572,659 | Form |
| 36 | Megachips, Corp /fi | Direct | Sell | 11212025 | 255.60 | 400,000 | 102,240,000 | 874,152,000 | Form | |
| 37 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 11102025 | 329.00 | 10,000 | 3,290,000 | 144,499,432 | Form |
| 38 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 11042025 | 289.75 | 2,000 | 579,500 | 130,158,018 | Form |
| 39 | Howe, Elizabeth A | EVP, Chief Financial Officer | Direct | Sell | 10082025 | 319.00 | 5,099 | 1,626,581 | 18,843,330 | Form |
| 40 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 10022025 | 294.00 | 2,000 | 588,000 | 132,655,152 | Form |
| 41 | Howe, Elizabeth A | EVP, Chief Financial Officer | Direct | Sell | 9262025 | 319.00 | 901 | 287,419 | 20,469,911 | Form |
| 42 | Howe, Elizabeth A | EVP, Chief Financial Officer | Direct | Sell | 9192025 | 298.00 | 1,000 | 298,000 | 19,390,860 | Form |
| 43 | Howe, Elizabeth A | EVP, Chief Financial Officer | Direct | Sell | 9172025 | 271.40 | 2,500 | 678,500 | 17,931,398 | Form |
| 44 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 9172025 | 277.00 | 10,000 | 2,770,000 | 125,538,616 | Form |
| 45 | Ahamad, Samsheer | See Remarks | Direct | Sell | 9122025 | 255.03 | 3,811 | 971,919 | 14,811,377 | Form |
| 46 | Ahamad, Samsheer | See Remarks | Direct | Sell | 9122025 | 250.00 | 6,000 | 1,500,000 | 15,472,000 | Form |
| 47 | Sevalia, Piyush B | See Remarks | Direct | Sell | 9122025 | 251.50 | 2,056 | 517,084 | 19,807,386 | Form |
| 48 | Bonnot, Lionel | See Remarks | Direct | Sell | 9122025 | 250.00 | 2,430 | 607,500 | 18,875,750 | Form |
| 49 | Pangrazio, Vincent P | See Remarks | Direct | Sell | 9112025 | 246.16 | 6,443 | 1,586,009 | 12,950,970 | Form |
| 50 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 9082025 | 231.75 | 3,000 | 695,250 | 20,957,848 | Form |
| 51 | Ahamad, Samsheer | See Remarks | Direct | Sell | 9082025 | 226.57 | 2,000 | 453,140 | 15,381,384 | Form |
| 52 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 9032025 | 234.00 | 3,000 | 702,000 | 21,863,322 | Form |
| 53 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 9032025 | 232.00 | 2,000 | 464,000 | 107,464,256 | Form |
| 54 | Sevalia, Piyush B | See Remarks | Direct | Sell | 9032025 | 242.66 | 2,000 | 485,320 | 19,610,083 | Form |
| 55 | Bonnot, Lionel | See Remarks | Direct | Sell | 8262025 | 223.50 | 1,990 | 444,765 | 17,418,026 | Form |
| 56 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 8072025 | 215.00 | 2,000 | 430,000 | 101,214,045 | Form |
| 57 | Howe, Elizabeth A | EVP, Chief Financial Officer | Direct | Sell | 8062025 | 208.00 | 1,500 | 312,000 | 14,866,592 | Form |
| 58 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 7222025 | 215.00 | 2,000 | 430,000 | 101,644,045 | Form |
| 59 | Sevalia, Piyush B | See Remarks | Direct | Sell | 6122025 | 220.00 | 1,039 | 228,580 | 18,813,520 | Form |
| 60 | Vashist, Rajesh | Chief Executive Officer | Direct | Sell | 6102025 | 215.00 | 10,000 | 2,150,000 | 102,074,045 | Form |
| 61 | Assaderaghi, Fariborz | See Remarks | Direct | Sell | 6092025 | 201.36 | 1,000 | 201,360 | 20,401,594 | Form |
| 62 | Ahamad, Samsheer | See Remarks | Direct | Sell | 6032025 | 200.00 | 4,000 | 800,000 | 14,404,200 | Form |
| 63 | Sevalia, Piyush B | See Remarks | Direct | Sell | 6032025 | 200.00 | 661 | 132,200 | 17,311,000 | Form |
| 64 | Sevalia, Piyush B | See Remarks | Direct | Sell | 6032025 | 193.99 | 1,661 | 322,217 | 16,919,032 | Form |
Investor Activity (13F)
Updated Aug 6, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| FengHe Fund Management Pte. Ltd. | $37.2 Mil | 5.1% | 31 | TRIM -16.1% | 13F |
| Montanaro Asset Management Ltd | $8.6 Mil | 2.6% | 42 | New | 13F |
| Whale Rock Capital Management LLC | $199.2 Mil | 2.6% | 35 | TRIM -17.4% | 13F |
| Styrax Capital, LP | $31.1 Mil | 2.2% | 17 | Hold | 13F |
| No Street GP LP | $19.0 Mil | 1.3% | 31 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Whale Rock Capital Management LLC | $199.2 Mil | 2.6% | 35 | TRIM -17.4% | 13F |
| FengHe Fund Management Pte. Ltd. | $37.2 Mil | 5.1% | 31 | TRIM -16.1% | 13F |
| Styrax Capital, LP | $31.1 Mil | 2.2% | 17 | Hold | 13F |
| No Street GP LP | $19.0 Mil | 1.3% | 31 | New | 13F |
| Montanaro Asset Management Ltd | $8.6 Mil | 2.6% | 42 | New | 13F |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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