Benchmark Upgrades SiTime (NASDAQ:SITM) to Strong-Buy

SiTime (NASDAQ:SITM) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. UBS Group increased their price objective on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $400.00 to $850.00 in a research report on Thursday, May 7th. Finally, Needham & Company LLC upped their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $706.67.

SiTime Price Performance

NASDAQ SITM opened at $598.81 on Wednesday. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. SiTime has a 12-month low of $217.64 and a 12-month high of $901.81. The company has a market capitalization of $18.01 billion, a PE ratio of 1,222.06 and a beta of 2.94. The firm’s 50 day moving average is $635.80 and its 200-day moving average is $550.04.

SiTime (NASDAQ:SITM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The firm’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. Equities research analysts anticipate that SiTime will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total transaction of $21,033,900.00. Following the sale, the chief executive officer directly owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fariborz Assaderaghi sold 1,500 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $712.72, for a total transaction of $1,069,080.00. Following the completion of the sale, the insider owned 79,936 shares of the company’s stock, valued at approximately $56,971,985.92. This represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,340 shares of company stock valued at $49,029,718 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in SiTime during the second quarter worth approximately $48,000. Rakuten Securities Inc. lifted its position in shares of SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of SiTime during the 2nd quarter worth approximately $57,000. Finally, Quantbot Technologies LP bought a new position in shares of SiTime during the 2nd quarter worth approximately $63,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Company Profile

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.