SiTime (NASDAQ:SITM) Stock Price Target Raised at Rosenblatt Securities

SiTime (NASDAQ:SITM) had its price objective boosted by research analysts at Rosenblatt Securities from $750.00 to $900.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities‘s price target suggests a potential upside of 115.36% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Seaport Research Partners began coverage on shares of SiTime in a report on Tuesday, September 22nd. They issued a “neutral” rating on the stock. Needham & Company LLC increased their price target on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $736.00.

SiTime Stock Down 6.5%

NASDAQ:SITM opened at $417.90 on Tuesday. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 852.86 and a beta of 2.88. SiTime has a twelve month low of $243.68 and a twelve month high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $577.25 and a 200-day simple moving average of $545.35.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 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 company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period last year, the business posted $0.47 EPS. SiTime’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. Analysts anticipate that SiTime will post 6.37 EPS for the current year.

Insider Buying and Selling at SiTime

In related news, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the transaction, the director owned 12,010 shares in the company, valued at approximately $8,383,580.50. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,374 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $701.05, for a total transaction of $963,242.70. Following the sale, the insider directly owned 66,861 shares in the company, valued at approximately $46,872,904.05. The trade was a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,924 shares of company stock valued at $10,056,661. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On SiTime

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of SiTime during the 2nd quarter worth about $1,781,937,000. Bank of New York Mellon Corp acquired a new stake in shares of SiTime during the 2nd quarter worth about $123,264,000. Arrowstreet Capital Limited Partnership raised its position in shares of SiTime by 865.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock worth $27,344,000 after acquiring an additional 70,974 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of SiTime during the 2nd quarter worth about $52,341,000. Finally, TimesSquare Capital Management LLC purchased a new stake in SiTime during the second quarter worth approximately $48,194,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

About SiTime

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.