SiTime Corporation (NASDAQ:SITM) Given Average Recommendation of “Buy” by Analysts

SiTime Corporation (NASDAQ:SITM) has earned an average rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $761.25.

SITM has been the topic of a number of recent analyst reports. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Benchmark started coverage on shares of SiTime in a research report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective on the stock. Finally, Weiss Ratings raised shares of SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th.

SiTime Price Performance

Shares of NASDAQ SITM opened at $612.09 on Monday. The stock’s 50-day simple moving average is $608.32 and its two-hundred day simple moving average is $564.02. SiTime has a twelve month low of $229.64 and a twelve month high of $901.81. The firm has a market capitalization of $18.41 billion, a P/E ratio of 1,249.16 and a beta of 2.86. 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 (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $146.46 million. During the same quarter last year, the company posted $0.47 EPS. The company’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. As a group, equities analysts anticipate that SiTime will post 6.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rajesh Vashist sold 15,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $750.20, for a total value of $11,253,000.00. Following the completion of the transaction, the chief executive officer directly owned 387,898 shares in the company, valued at approximately $291,001,079.60. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the director owned 19,898 shares of the company’s stock, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 24,550 shares of company stock valued at $18,309,538 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

A number of hedge funds have recently bought and sold shares of SITM. Royal Bank of Canada grew its position in SiTime by 12.5% during the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after acquiring an additional 491 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 88 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after acquiring an additional 8,136 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of SiTime by 21.6% in the 1st 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 in the last quarter. Finally, M&T Bank Corp purchased a new stake in SiTime during the 2nd quarter valued at $240,000. Institutional investors own 84.31% of the company’s stock.

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.