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

Key Points

• Wall Street Zen upgraded SiTime to “buy” from “hold.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $717.78.
• SiTime reported quarterly EPS of $2.34, beating estimates of $1.95, while revenue rose 126.5% year over year to $157.43 million.
• Shares opened at $472.14, down 5.9%. Insiders have sold 15,924 shares worth roughly $10.1 million over the past 90 days, while institutional investors own 84.31% of the company.

SiTime (NASDAQ:SITM - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also commented on the stock. Seaport Research Partners initiated coverage on shares of SiTime in a report on Tuesday, September 22nd. They issued a "neutral" rating on the stock. Morgan Stanley started coverage on shares of SiTime in a report on Thursday, September 17th. They issued an "overweight" rating and a $370.00 target price for the company. UBS Group boosted their target price on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded SiTime from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Benchmark started coverage on SiTime in a research note on Wednesday, August 19th. They set a "buy" rating and a $850.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, SiTime has an average rating of "Moderate Buy" and an average price target of $717.78.

SiTime Stock Down 5.9%

Shares of NASDAQ:SITM opened at $472.14 on Friday. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 255.91 and a beta of 2.88. SiTime has a 12-month low of $243.68 and a 12-month high of $901.81. The business has a 50-day moving average price of $618.78 and a 200 day moving average price of $614.18. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating 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 company had revenue of $157.43 million for the quarter, compared to analysts' expectations of $146.46 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. 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. Sell-side analysts expect that SiTime will post 6.37 EPS for the current year.

Insider Buying and Selling at SiTime

In other news, 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 transaction of $757,753.50. Following the completion of the sale, the director owned 12,481 shares in the company, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katherine Schuelke sold 500 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 15,924 shares of company stock worth $10,056,661. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On SiTime

Several large investors have recently modified their holdings of SITM. Vontobel Holding Ltd. acquired a new stake in SiTime in the third quarter valued at about $1,105,000. V Square Quantitative Management LLC purchased a new stake in SiTime in the 3rd quarter valued at approximately $35,000. Gunderson Capital Management LLC purchased a new stake in SiTime in the 3rd quarter valued at approximately $332,000. Hudock Inc. increased its position in SiTime by 79.6% during the 3rd quarter. Hudock Inc. now owns 853 shares of the company's stock worth $556,000 after purchasing an additional 378 shares during the period. Finally, Lodestone Wealth Management LLC increased its position in SiTime by 10.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 503 shares of the company's stock worth $328,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 84.31% of the company's stock.

SiTime Company Profile

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.

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