SiTime (NASDAQ:SITM) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SiTime (NASDAQ:SITM) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on SITM. Morgan Stanley started coverage on shares of SiTime in a research note on Thursday, September 17th. They issued an “overweight” rating and a $370.00 price target on the stock. Weiss Ratings upgraded shares of SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Needham & Company LLC upped their price objective on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, UBS Group increased their price objective on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $717.78.

SiTime Stock Performance

SiTime stock opened at $472.14 on Friday. SiTime has a 12-month low of $243.68 and a 12-month high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $618.78 and its two-hundred day moving average price is $614.18. The stock has a market cap of $14.20 billion, a PE ratio of 963.55 and a beta of 2.88.

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

Insider Buying and Selling at SiTime

In other SiTime news, Director Katherine Schuelke sold 500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the transaction, the director directly owned 12,010 shares in the company, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Torsten Kreindl sold 1,050 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director owned 12,481 shares of the company’s stock, valued at $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,924 shares of company stock worth $10,056,661 over the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of SiTime

A number of hedge funds have recently made changes to their positions in SITM. Parallel Advisors LLC increased its stake 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 period. Wedmont Private Capital raised its holdings in SiTime by 4.5% in the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock valued at $485,000 after buying an additional 28 shares during the last quarter. Allworth Financial LP raised its holdings in SiTime by 50.0% in the 2nd quarter. Allworth Financial LP now owns 90 shares of the company’s stock valued at $67,000 after buying an additional 30 shares during the last quarter. Lodestone Wealth Management LLC raised its holdings in SiTime by 10.5% in the 3rd quarter. Lodestone Wealth Management LLC now owns 503 shares of the company’s stock valued at $328,000 after buying an additional 48 shares during the last quarter. Finally, Atlas Brown Inc. boosted its position in SiTime by 2.2% during the 1st quarter. Atlas Brown Inc. now owns 2,342 shares of the company’s stock worth $809,000 after buying an additional 50 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.

About SiTime

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.