SiTime Corporation (NASDAQ:SITM) Receives Average Recommendation of “Buy” from Analysts

SiTime Corporation (NASDAQ:SITM) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $717.78.

A number of analysts recently weighed in on SITM shares. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. Needham & Company LLC lifted their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Benchmark began coverage on shares of SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. Finally, UBS Group raised their target price on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.

SiTime Stock Performance

Shares of SITM stock opened at $643.24 on Friday. The firm’s 50 day moving average is $599.73 and its 200 day moving average is $584.27. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81. The stock has a market capitalization of $19.34 billion, a P/E ratio of 1,312.73 and a beta of 2.86.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The company’s revenue was up 126.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts anticipate that SiTime will post 6.33 earnings per share for the current year.

Insider Buying and Selling at SiTime

In related news, CEO Rajesh Vashist sold 12,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the sale, the chief executive officer directly owned 345,544 shares of the company’s stock, valued at $208,525,437.68. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Torsten Kreindl sold 1,050 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director directly owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,550 shares of company stock worth $9,093,418. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SITM. Parallel Advisors LLC lifted its holdings in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the period. USA Financial Formulas bought a new stake in SiTime during the first quarter valued at approximately $33,000. Optiver Holding B.V. grew its position in SiTime by 433.3% during the first quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock valued at $44,000 after buying an additional 104 shares during the period. Global Retirement Partners LLC purchased a new stake in SiTime during the second quarter valued at approximately $48,000. Finally, Persistent Asset Partners Ltd purchased a new stake in SiTime during the second quarter valued at approximately $57,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.