SiTime (NASDAQ:SITM) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of SiTime (NASDAQ:SITM) in a report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $750.00 price target on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings raised SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Zacks Research cut shares of SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC boosted their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley initiated coverage on shares of SiTime in a report on Thursday, September 17th. They set an “overweight” rating and a $370.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $721.00.

SiTime Price Performance

NASDAQ:SITM opened at $462.72 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The stock’s 50-day simple moving average is $603.56 and its 200 day simple moving average is $620.33. The company has a market cap of $13.91 billion, a P/E ratio of 259.80 and a beta of 2.88. SiTime has a 52-week low of $243.68 and a 52-week high of $901.81.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. SiTime’s revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, sell-side analysts forecast that SiTime will post 6.37 EPS for the current fiscal year.

Insider Activity

In other news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares of the company’s stock, valued at $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the sale, the director directly owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,924 shares of company stock valued at $10,056,661. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Inspire Investing LLC bought a new stake in shares of SiTime during the 3rd quarter worth about $912,000. MBL Wealth LLC grew its stake in SiTime by 169.9% in the 3rd quarter. MBL Wealth LLC now owns 2,227 shares of the company’s stock valued at $1,452,000 after buying an additional 1,402 shares during the last quarter. Root Financial Partners LLC acquired a new position in SiTime in the 3rd quarter valued at about $25,000. Woodward Diversified Capital LLC raised its holdings in SiTime by 4.8% in the 3rd quarter. Woodward Diversified Capital LLC now owns 2,140 shares of the company’s stock valued at $1,395,000 after acquiring an additional 98 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in SiTime by 20.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,849 shares of the company’s stock valued at $1,206,000 after acquiring an additional 310 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.