SiTime Corporation (NASDAQ:SITM) Stock Has Average Price Target of $721.00 According to Analysts

Shares of SiTime Corporation (NASDAQ:SITM) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $721.00.

SITM has been the topic of a number of analyst reports. Weiss Ratings cut shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Needham & Company LLC boosted their target price on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Benchmark assumed coverage on SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. UBS Group raised their target price on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th.

SiTime Trading Up 1.0%

NASDAQ SITM opened at $464.70 on Tuesday. The stock has a 50 day moving average of $600.53 and a 200-day moving average of $541.59. The company has a market cap of $13.97 billion, a PE ratio of 948.37 and a beta of 2.88. 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.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results 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. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities research analysts anticipate that SiTime will post 6.37 EPS for the current fiscal year.

Insider Activity

In other news, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the sale, the insider directly owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. This trade represents a 2.01% 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. In the last ninety days, insiders sold 15,924 shares of company stock worth $10,056,661. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of SiTime during the 2nd quarter worth $1,781,937,000. Bank of New York Mellon Corp increased its position in shares of SiTime by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company’s stock worth $128,796,000 after purchasing an additional 18,983 shares during the last quarter. Bank of America Corp DE lifted its position in SiTime by 53.7% in the first quarter. Bank of America Corp DE now owns 151,021 shares of the company’s stock valued at $52,155,000 after buying an additional 52,754 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in SiTime by 865.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock worth $27,344,000 after buying an additional 70,974 shares during the period. Finally, Bamco Inc. NY purchased a new stake in shares of SiTime in the 2nd quarter valued at approximately $52,341,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

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.