SiTime (NASDAQ:SITM) Stock Rating Upgraded by Zacks Research

SiTime (NASDAQ:SITM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also issued reports about the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Roth Capital restated a “buy” rating and set a $900.00 target price on shares of SiTime in a research report on Thursday, May 7th. Stifel Nicolaus upped their target price on SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SiTime has a consensus rating of “Moderate Buy” and an average price target of $688.75.

SiTime Trading Up 3.5%

SITM stock opened at $711.91 on Thursday. SiTime has a twelve month low of $204.60 and a twelve month high of $901.81. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 1,452.88 and a beta of 2.94. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The firm’s fifty day simple moving average is $637.05 and its two-hundred day simple moving average is $540.22.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, analysts anticipate that SiTime will post 6.33 earnings per share for the current year.

Insider Buying and Selling at SiTime

In other news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the transaction, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rajesh Vashist sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at approximately $282,483,874.74. This trade represents a 6.93% decrease in their ownership of the stock. 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 69,759 shares of company stock worth $50,046,035. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On SiTime

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jupiter Topco LLC purchased a new position in SiTime during the second quarter valued at approximately $7,326,000. Hsbc Holdings PLC purchased a new stake in SiTime during the second quarter worth $13,680,000. Canada Pension Plan Investment Board bought a new stake in SiTime during the 2nd quarter valued at $22,590,000. Castleark Management LLC bought a new stake in SiTime during the 2nd quarter valued at $1,291,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of SiTime in the 2nd quarter valued at $12,428,000. 84.31% of the stock is currently 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.