SiTime Corporation (NASDAQ:SITM) Stock Has Consensus Target Price of $717.78

Key Points

• Analysts maintain a bullish outlook: SiTime has a consensus “Buy” rating from 12 firms, with an average 12-month price target of $717.78. Recent targets and ratings varied, including UBS raising its target to $840 and Morgan Stanley initiating coverage with an overweight rating.
• Strong recent operating results: SiTime reported quarterly EPS of $2.34 versus the $1.95 consensus estimate, while revenue rose 126.5% year over year to $157.43 million. Shares opened at $643.24, up 5.6%, but trade at a very high P/E ratio above 1,300.
• Insiders sold shares while institutions remain heavily invested: Company insiders sold 14,550 shares worth approximately $9.1 million during the last quarter, while institutional investors and hedge funds own 84.31% of the stock.

Shares of SiTime Corporation (NASDAQ:SITM - Get Free Report) have been assigned an average recommendation of "Buy" from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine 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 $717.78.

A number of equities research analysts have weighed in on SITM shares. Weiss Ratings downgraded SiTime from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Seaport Research Partners began coverage on shares of SiTime in a research report on Tuesday. They set a "neutral" rating on the stock. UBS Group lifted their price target 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. Morgan Stanley started coverage on shares of SiTime in a report on Thursday, September 17th. They set an "overweight" rating and a $370.00 price objective on the stock. Finally, Wall Street Zen raised shares of SiTime from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th.

Insider Buying and Selling at SiTime

In other SiTime news, CEO Rajesh Vashist sold 12,000 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $603.47, for a total value of $7,241,640.00. Following the transaction, the chief executive officer directly owned 345,544 shares of the company's stock, valued at approximately $208,525,437.68. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director owned 12,010 shares of the company's stock, valued at $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 14,550 shares of company stock worth $9,093,418. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiTime

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its position in SiTime by 231.3% in the second quarter. Tidal Investments LLC now owns 7,762 shares of the company's stock worth $5,787,000 after purchasing an additional 5,419 shares during the last quarter. Tairen Capital Ltd bought a new stake in shares of SiTime during the 2nd quarter worth $9,320,000. Stephens Investment Management Group LLC purchased a new position in shares of SiTime in the 1st quarter worth about $24,135,000. Rockefeller Capital Management L.P. boosted its holdings in shares of SiTime by 1,368.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company's stock worth $1,151,000 after buying an additional 3,037 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in SiTime by 13.2% during the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company's stock worth $4,994,000 after buying an additional 1,688 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

SiTime Trading Up 5.6%

Shares of SITM stock opened at $643.24 on Friday. The firm has a market capitalization of $19.34 billion, a P/E ratio of 1,312.73 and a beta of 2.86. SiTime has a twelve month low of $243.68 and a twelve 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 stock's fifty day simple moving average is $599.73 and its 200 day simple moving average is $584.27.

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 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 analyst estimates of $146.46 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. SiTime's revenue was up 126.5% compared to the same quarter last year. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, sell-side analysts predict that SiTime will post 6.33 EPS for the current fiscal year.

SiTime Company Profile

SiTime Corporation NASDAQ: SITM is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company's portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.

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