SiTime (NASDAQ:SITM) Price Target Raised to $900.00

SiTime (NASDAQ:SITM) had its price objective boosted by Rosenblatt Securities from $750.00 to $900.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities‘s price target suggests a potential upside of 115.36% from the stock’s current price.

SITM has been the topic of several other research reports. Benchmark began coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective on the stock. Morgan Stanley started coverage on SiTime in a report on Thursday, September 17th. They issued an “overweight” rating and a $370.00 target price for the company. Weiss Ratings downgraded SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Needham & Company LLC upped their target price on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $900.00 price target on shares of SiTime in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, SiTime has an average rating of “Moderate Buy” and an average target price of $736.00.

SiTime Trading Down 6.5%

NASDAQ SITM opened at $417.90 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. The firm’s fifty day moving average price is $577.25 and its 200 day moving average price is $545.35. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 852.86 and a beta of 2.88. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81.

SiTime (NASDAQ:SITM) last announced its quarterly 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. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period last year, the business earned $0.47 EPS. SiTime’s revenue for the quarter 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, sell-side analysts expect that SiTime will post 6.37 earnings per share for the current fiscal year.

Insider Transactions at SiTime

In other news, Director Edward Frank sold 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katherine Schuelke sold 500 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the sale, the director directly owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,924 shares of company stock worth $10,056,661 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of SiTime in the second quarter valued at $1,781,937,000. Bank of New York Mellon Corp lifted its holdings in SiTime by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company’s stock valued at $128,796,000 after purchasing an additional 18,983 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of SiTime by 53.7% during the 1st quarter. Bank of America Corp DE now owns 151,021 shares of the company’s stock worth $52,155,000 after purchasing an additional 52,754 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of SiTime by 865.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock worth $27,344,000 after purchasing an additional 70,974 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of SiTime in the second quarter valued at approximately $52,341,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Company Profile

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.