SiTime (NASDAQ:SITM) Shares Gap Up Following Earnings Beat

SiTime Corporation (NASDAQ:SITM) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $543.12, but opened at $684.88. SiTime shares last traded at $667.9230, with a volume of 327,228 shares.

The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates 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 negative net margin of 6.38% and a positive return on equity of 0.53%. The company’s quarterly revenue was up 126.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS.

Key SiTime News

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Strong Q2 results: SiTime reported adjusted earnings of $2.34 per share, exceeding consensus estimates of approximately $1.93–$1.95. Revenue reached $157.43 million, above the $146.46 million estimate and up 126.5% year over year. SiTime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Outlook significantly surpassed expectations: Management guided for third-quarter earnings of $3.50–$3.65 per share, compared with consensus of $1.90, and revenue of $285 million–$295 million versus estimates of $163.8 million. The guidance suggests continued acceleration and was likely the strongest immediate catalyst for the stock. SiTime Q2 Earnings Report
• Positive Sentiment: Analyst became more bullish: Needham raised its SiTime price target from $850 to $900 and upgraded the stock to “Buy,” citing additional potential upside from current trading levels. Needham Raises SiTime Price Target
• Neutral Sentiment: SiTime’s Q2 earnings call and results provide further management commentary for investors assessing the company’s growth outlook and execution. SiTime Q2 2026 Earnings Call Transcript
• Negative Sentiment: Despite the earnings momentum, SiTime remains a high-volatility, richly valued stock. Its reported net margin was negative, meaning investors are pricing in substantial future growth and may react sharply if quarterly execution or guidance weakens.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SITM. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Stifel Nicolaus boosted their price objective on shares of SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group reaffirmed a “buy” rating and issued a $840.00 target price on shares of SiTime in a research note on Thursday. 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. Finally, Needham & Company LLC boosted their price target on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the company’s 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 $282,483,874.74. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raman Chitkara sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the sale, the director directly owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 69,709 shares of company stock valued at $50,230,546 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On SiTime

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of SiTime by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock valued at $997,904,000 after purchasing an additional 61,336 shares during the last quarter. Invesco Ltd. lifted its stake in shares of SiTime by 1.8% during the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after buying an additional 18,165 shares during the last quarter. State Street Corp boosted its holdings in shares of SiTime by 3.7% during the 2nd quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after buying an additional 32,178 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of SiTime by 22.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after buying an additional 132,948 shares during the period. Finally, Whale Rock Capital Management LLC grew its stake in SiTime by 45.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after buying an additional 218,038 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

SiTime Trading Up 25.8%

The firm has a market cap of $18.03 billion, a price-to-earnings ratio of -671.28 and a beta of 2.94. The stock’s 50 day moving average is $637.07 and its 200 day moving average is $525.29.

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.