SiTime (NASDAQ:SITM) Raised to “Buy” at Wall Street Zen

SiTime (NASDAQ:SITM) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on SITM. Zacks Research lowered SiTime from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Needham & Company LLC lifted their price target on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley began coverage on SiTime in a research note on Thursday, September 17th. They set an “overweight” rating and a $370.00 price objective on the stock. Seaport Research Partners began coverage on SiTime in a report on Tuesday, September 22nd. They set a “neutral” rating on the stock. Finally, Weiss Ratings raised SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $717.78.

SiTime Stock Performance

Shares of SITM stock opened at $472.14 on Friday. The stock has a market capitalization of $14.20 billion, a P/E ratio of 963.55 and a beta of 2.88. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $618.78 and its 200 day moving average is $616.31. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81.

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

Insider Activity

In other news, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction 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 transaction, the director directly owned 12,010 shares in the company, valued at $8,383,580.50. The trade was a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Frank sold 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the transaction, the director directly owned 10,999 shares in the company, valued at approximately $8,194,255. The trade was a 8.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,924 shares of company stock worth $10,056,661. Company insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after buying an additional 16 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of SiTime by 4.5% in the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after buying an additional 28 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SiTime by 50.0% in the 2nd quarter. Allworth Financial LP now owns 90 shares of the company’s stock worth $67,000 after buying an additional 30 shares during the last quarter. Lodestone Wealth Management LLC increased its holdings in shares of SiTime by 10.5% in the 3rd quarter. Lodestone Wealth Management LLC now owns 503 shares of the company’s stock worth $328,000 after buying an additional 48 shares during the last quarter. Finally, Atlas Brown Inc. raised its position in shares of SiTime by 2.2% during the 1st quarter. Atlas Brown Inc. now owns 2,342 shares of the company’s stock valued at $809,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Company Profile

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.