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

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

A number of analysts recently commented on SITM shares. UBS Group upped their price objective on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC increased their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Benchmark started coverage on shares of SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd.

SiTime Stock Up 4.1%

NASDAQ:SITM opened at $678.87 on Friday. The stock’s fifty day moving average price is $608.40 and its two-hundred day moving average price is $595.47. SiTime has a 52-week low of $243.68 and a 52-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. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 1,385.45 and a beta of 2.88.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime’s revenue was up 126.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, analysts anticipate that SiTime will post 6.37 EPS for the current year.

Insider Buying and Selling

In related news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajesh Vashist sold 12,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 345,544 shares in the company, valued at $208,525,437.68. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,550 shares of company stock worth $9,093,418. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiTime

A number of institutional investors have recently modified their holdings of SITM. Parallel Advisors LLC raised its holdings in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in SiTime by 0.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock valued at $3,187,000 after purchasing an additional 25 shares during the last quarter. Wedmont Private Capital increased its holdings in SiTime by 4.5% during the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after purchasing an additional 28 shares in the last quarter. Allworth Financial LP raised its stake in shares of SiTime by 50.0% in the second quarter. Allworth Financial LP now owns 90 shares of the company’s stock worth $67,000 after purchasing an additional 30 shares during the last quarter. Finally, Saturna Capital Corp raised its stake in shares of SiTime by 5.2% in the fourth quarter. Saturna Capital Corp now owns 1,010 shares of the company’s stock worth $357,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

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

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.