SiTime (NASDAQ:SITM) Shares Gap Up – Here’s What Happened

Posted by Brenda Bartman on Nov 6th, 2026

SiTime Corporation (NASDAQ:SITM – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $355.00, but opened at $405.85. SiTime shares last traded at $393.6560, with a volume of 143,517 shares trading hands.

Key Stories Impacting SiTime

Here are the key news stories impacting SiTime this week:

Positive Sentiment: SiTime reported Q3 adjusted EPS of $4.01, above estimates, and revenue of $298.67 million, up 257.4% year over year and ahead of expectations. The results were attributed in part to AI infrastructure demand and the Renesas timing acquisition. SiTime Q3 Earnings Surpass Estimates
Positive Sentiment: Seaport Global upgraded SiTime from Neutral to Buy with a $425 price target, signaling improved analyst confidence. Seaport Global upgrades SiTime
Positive Sentiment: Management commentary highlighted AI-related growth and expanding optical-networking opportunities, supporting the longer-term outlook. Q3 earnings call highlights
Negative Sentiment: Wafer supply constraints could limit the company’s ability to meet demand and are expected to persist through 2027, potentially restraining growth. Q3 earnings call highlights
Neutral Sentiment: UBS cut its target to $650 from $750, and Needham reduced its target to $600 from $900; both maintained Buy ratings. The lower targets temper some optimism but still imply substantial expected upside, according to the reports. UBS Group rating

Wall Street Analyst Weigh In

SITM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. UBS Group dropped their price target on SiTime from $750.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday. Seaport Research Partners upgraded SiTime from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Friday. Finally, Benchmark began coverage on SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $687.00.

Check Out Our Latest Stock Analysis on SiTime

SiTime Trading Up 12.6%

The company has a market cap of $12.02 billion, a P/E ratio of 425.13 and a beta of 2.88. The stock’s 50 day moving average is $565.87 and its 200-day moving average is $546.00. 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 (NASDAQ:SITM – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.39. The business had revenue of $298.67 million during the quarter, compared to analyst estimates of $292.65 million. SiTime had a net margin of 3.87% and a return on equity of 13.92%. SiTime’s revenue was up 257.4% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Research analysts anticipate that SiTime Corporation will post 6.37 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Edward Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director owned 10,999 shares of the company’s stock, valued at $8,194,255. This trade represents a 8.33% 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 firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were 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 of the company’s stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,874 shares of company stock worth $9,298,908. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System lifted its holdings in shares of SiTime by 12.7% during the third quarter. Maryland State Retirement & Pension System now owns 1,360 shares of the company’s stock valued at $887,000 after purchasing an additional 153 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of SiTime by 208.2% during the third quarter. Ritholtz Wealth Management now owns 1,202 shares of the company’s stock valued at $784,000 after buying an additional 812 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in SiTime in the 3rd quarter worth about $67,000. Lido Advisors LLC increased its holdings in SiTime by 43.0% in the 3rd quarter. Lido Advisors LLC now owns 862 shares of the company’s stock worth $562,000 after buying an additional 259 shares in the last quarter. Finally, AlphaCore Capital LLC raised its position in SiTime by 87.1% in the 3rd quarter. AlphaCore Capital LLC now owns 1,345 shares of the company’s stock worth $877,000 after buying an additional 626 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

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.