SiTime Corporation (NASDAQ:SITM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SiTime Corporation (NASDAQ:SITM) have been given an average rating of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $668.1250.

SITM has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $800.00 price objective on shares of SiTime in a research report on Thursday, May 7th. Needham & Company LLC raised their price objective on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research lowered SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th.

Insider Activity at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the transaction, the director owned 19,898 shares in the company, valued at $14,473,407.24. This represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christine Heckart sold 1,290 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $700.00, for a total transaction of $903,000.00. Following the completion of the transaction, the director owned 790 shares in the company, valued at approximately $553,000. This represents a 62.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,709 shares of company stock worth $50,230,546. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of SiTime by 12.5% in the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock worth $675,000 after buying an additional 491 shares during the last quarter. Advisors Asset Management Inc. grew its position in SiTime by 33.6% in the 1st quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock worth $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC increased its stake in SiTime by 310.8% during the first quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock valued at $1,557,000 after acquiring an additional 8,136 shares during the period. Intech Investment Management LLC increased its position in shares of SiTime by 21.6% during the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,477 shares during the period. Finally, M&T Bank Corp bought a new stake in SiTime in the second quarter valued at about $240,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

NASDAQ:SITM opened at $543.12 on Thursday. SiTime has a one year low of $187.56 and a one year high of $901.81. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -537.74 and a beta of 2.94. The stock has a 50-day simple moving average of $637.07 and a 200 day simple moving average of $525.29.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a positive return on equity of 0.53% and a negative net margin of 6.38%.The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the prior year, the company posted $0.47 EPS. The business’s 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. On average, equities research analysts forecast that SiTime will post 3.23 EPS for the current fiscal year.

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.