SiTime Corporation (NASDAQ:SITM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of SiTime Corporation (NASDAQ:SITM) have been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $761.25.

A number of analysts have recently commented on the stock. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $400.00 to $850.00 in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th.

SiTime Price Performance

NASDAQ:SITM opened at $557.86 on Monday. The firm has a 50-day simple moving average of $620.85 and a two-hundred day simple moving average of $558.66. The firm has a market cap of $16.77 billion, a P/E ratio of 1,138.49 and a beta of 2.94. SiTime has a fifty-two week low of $222.12 and a fifty-two week high of $901.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44.

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

Insider Transactions at SiTime

In other news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the completion of the transaction, the director owned 12,481 shares in the company, valued at $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the director owned 19,898 shares of the company’s stock, valued at $14,473,407.24. This represents a 9.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 66,840 shares of company stock valued at $47,960,638. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SiTime

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in SiTime by 73,098.9% during the 2nd quarter. California State Teachers Retirement System now owns 18,779,165 shares of the company’s stock valued at $14,000,994,000 after acquiring an additional 18,753,510 shares during the period. BlackRock Inc. purchased a new stake in shares of SiTime during the second quarter valued at $1,781,937,000. Invesco Ltd. grew its holdings in shares of SiTime by 1.8% in the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after purchasing an additional 18,165 shares during the last quarter. State Street Corp increased its stake in SiTime by 3.7% in 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. Finally, Ameriprise Financial Inc. lifted its holdings in SiTime by 22.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after buying an additional 132,948 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Company 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.