SiTime (NASDAQ:SITM) Stock Rated "Buy" in New Coverage at Rosenblatt Securities

Key Points

• Rosenblatt Securities initiated coverage of SiTime with a “Buy” rating and a $750 price target, implying roughly 51% upside from the reported $495.75 share price.
• Analyst sentiment is broadly positive: SiTime has a consensus “Moderate Buy” rating and an average price target of $721, although some firms maintain neutral or hold ratings.
• SiTime reported quarterly EPS of $2.34 versus the $1.95 consensus and revenue of $157.43 million, up 126.5% year over year; however, insiders sold more than $10 million of stock over the past three months.

Equities research analysts at Rosenblatt Securities assumed coverage on shares of SiTime (NASDAQ:SITM - Get Free Report) in a research report issued on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $750.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 51.29% from the company's current price.

A number of other analysts also recently commented on SITM. The Goldman Sachs Group restated a "buy" rating and set a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Zacks Research lowered SiTime from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. UBS Group lifted their target price on SiTime from $775.00 to $840.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings upgraded SiTime from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Finally, Seaport Research Partners started coverage on SiTime in a research report on Tuesday, September 22nd. They set a "neutral" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, SiTime currently has a consensus rating of "Moderate Buy" and an average target price of $721.00.

SiTime Price Performance

SiTime stock opened at $495.75 on Tuesday. SiTime has a 1 year low of $243.68 and a 1 year high of $901.81. The firm has a 50 day moving average price of $614.89 and a 200 day moving average price of $617.37. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 1,011.73 and a beta of 2.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44.

SiTime (NASDAQ:SITM - Get Free Report) last issued 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. The firm had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. SiTime's revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts predict that SiTime will post 6.37 earnings per share for the current year.

Insider Transactions at SiTime

In other SiTime news, CEO Rajesh Vashist sold 12,000 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the completion of the sale, the chief executive officer directly owned 345,544 shares in the company, valued at $208,525,437.68. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Torsten Kreindl sold 1,050 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the sale, the director owned 12,481 shares of the company's stock, valued at approximately $9,007,163.27. This represents a 7.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,924 shares of company stock valued at $10,056,661 in the last three months. 1.40% of the stock is owned by company insiders.

Institutional Trading of SiTime

A number of institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in SiTime by 44.2% in the third quarter. IFP Advisors Inc now owns 333 shares of the company's stock valued at $217,000 after acquiring an additional 102 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of SiTime during the third quarter valued at approximately $1,105,000. V Square Quantitative Management LLC acquired a new position in shares of SiTime during the third quarter worth $35,000. Gunderson Capital Management LLC acquired a new position in shares of SiTime during the third quarter worth $332,000. Finally, Hudock Inc. lifted its position in shares of SiTime by 79.6% during the third quarter. Hudock Inc. now owns 853 shares of the company's stock worth $556,000 after purchasing an additional 378 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

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.

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