SiTime Corporation (NASDAQ:SITM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of SiTime Corporation (NASDAQ:SITM) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $721.00.

A number of research analysts have recently commented on SITM shares. Rosenblatt Securities started coverage on shares of SiTime in a research report on Tuesday. They set a “buy” rating and a $750.00 target price on the stock. Benchmark initiated coverage on shares of SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price target for the company. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Seaport Research Partners began coverage on shares of SiTime in a report on Tuesday, September 22nd. They issued a “neutral” rating on the stock. Finally, Needham & Company LLC upped their price objective on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Insider Buying and Selling at SiTime

In other news, insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction dated Friday, October 2nd. The stock was 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 approximately $46,872,904.05. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total value of $7,241,640.00. Following the completion of the transaction, the chief executive officer owned 345,544 shares in the company, valued at approximately $208,525,437.68. This trade represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,924 shares of company stock valued at $10,056,661. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of SiTime during the 2nd quarter valued at approximately $1,781,937,000. Bank of New York Mellon Corp increased its stake in shares of SiTime by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company’s stock worth $128,796,000 after buying an additional 18,983 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of SiTime in the second quarter worth $52,341,000. Bank of America Corp DE increased its stake in shares of SiTime by 53.7% in the first quarter. Bank of America Corp DE now owns 151,021 shares of the company’s stock worth $52,155,000 after buying an additional 52,754 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in SiTime in the second quarter valued at $48,194,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

SiTime Stock Performance

SiTime stock opened at $495.75 on Tuesday. The stock’s 50 day moving average price is $614.89 and its 200 day moving average price is $617.37. The firm has a market capitalization of $14.91 billion, a PE ratio of 1,011.73 and a beta of 2.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. SiTime has a one year low of $243.68 and a one year high of $901.81.

SiTime (NASDAQ:SITM) last released its quarterly 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 return on equity of 4.99% and a net margin of 3.01%. The firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same quarter in the prior year, the business earned $0.47 EPS. SiTime’s quarterly revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, sell-side analysts expect that SiTime will post 6.37 EPS for the current fiscal year.

About SiTime

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.