SiTime (NASDAQ:SITM) Stock Price Up 6.7% – Should You Buy?

SiTime Corporation (NASDAQ:SITM – Get Free Report) shares traded up 6.7% during trading on Monday. The company traded as high as $502.23 and last traded at $503.5730. 216,111 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 474,686 shares. The stock had previously closed at $472.14.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC raised their price objective on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Seaport Research Partners began coverage on shares of SiTime in a research report on Tuesday, September 22nd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $717.78.

View Our Latest Stock Report on SITM

SiTime Stock Performance

The stock has a market capitalization of $15.12 billion, a PE ratio of 1,026.14 and a beta of 2.88. The business has a 50 day moving average price of $618.78 and a 200 day moving average price of $616.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50.

SiTime (NASDAQ:SITM – Get Free Report) last posted its quarterly 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. The firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%. SiTime’s quarterly revenue was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, equities research analysts expect that SiTime Corporation will post 6.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Katherine Schuelke sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the completion of the sale, the director owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fariborz Assaderaghi sold 1,374 shares of the business’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 completion of the transaction, the insider owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. The trade was 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 three months, insiders sold 15,924 shares of company stock valued at $10,056,661. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SITM. BlackRock Inc. bought a new stake in SiTime in the 2nd quarter worth about $1,781,937,000. Bank of New York Mellon Corp purchased a new position in SiTime in the 2nd quarter worth about $123,264,000. Arrowstreet Capital Limited Partnership raised its position in SiTime by 865.1% in the 1st 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 last quarter. Bamco Inc. NY bought a new position in SiTime during the 2nd quarter valued at about $52,341,000. Finally, Stephens Investment Management Group LLC bought a new position in SiTime during the 1st quarter valued at about $24,135,000. 84.31% of the stock is owned by institutional investors.

About SiTime

(Get Free Report)

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.

Further Reading

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