Shares of SiTime Corporation (NASDAQ:SITM – Get Free Report) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $688.75.
A number of research firms have recently commented on SITM. Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Needham & Company LLC increased their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group lifted their price objective on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th.
Read Our Latest Analysis on SITM
SiTime Price Performance
SiTime (NASDAQ:SITM – Get Free Report) last posted its 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 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 firm posted $0.47 EPS. 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 predict that SiTime will post 3.23 earnings per share for the current fiscal year.
Insider Activity at SiTime
In related news, Director Torsten Kreindl sold 1,050 shares of the company’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 transaction, the director directly owned 12,481 shares in the company, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajesh Vashist sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the completion of the sale, the chief executive officer directly owned 402,898 shares in the company, valued at $282,483,874.74. This represents a 6.93% 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. Insiders have sold 69,759 shares of company stock valued at $50,046,035 in the last ninety days. Insiders own 1.40% of the company’s stock.
Institutional Trading of SiTime
A number of hedge funds have recently made changes to their positions in SITM. Royal Bank of Canada increased its stake in SiTime by 12.5% in the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after acquiring an additional 491 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in SiTime by 33.6% during the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock worth $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after purchasing an additional 8,136 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of SiTime by 21.6% in the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,477 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of SiTime during the 2nd quarter valued at about $240,000. 84.31% of the stock is owned by institutional investors.
About SiTime
SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.
The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.
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