SiTime Corporation (NASDAQ:SITM) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Consensus "Moderate Buy": Nine analysts cover SiTime with a consensus rating of "Moderate Buy" (7 buy, 1 hold, 1 sell) and an average 1‑year price target of about $415.63, with several firms raising targets to the $450–$500 range.
• Significant insider selling: Company insiders sold a total of 26,178 shares worth roughly $11.28 million over the last 90 days (notably two directors), leaving insiders with about 2.30% ownership.
• Strong top-line beat but unprofitable: SiTime topped quarterly estimates (EPS $1.53 vs. $1.20 est.; revenue $113.29M vs. $101.91M), with revenue up 66.3% year‑over‑year, yet it reported a negative net margin (−13.13%) and negative return on equity.

Shares of SiTime Corporation (NASDAQ:SITM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $415.6250.

SITM has been the subject of a number of research analyst reports. Roth Mkm reiterated a "buy" rating and set a $450.00 price target on shares of SiTime in a report on Thursday, February 5th. Needham & Company LLC increased their price target on SiTime from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Barclays set a $400.00 price target on SiTime in a report on Thursday, February 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SiTime in a report on Tuesday, April 21st. Finally, Stifel Nicolaus increased their price target on SiTime from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, April 16th.

Insider Activity at SiTime

In related news, Director Raman Chitkara sold 501 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $425.03, for a total transaction of $212,940.03. Following the completion of the transaction, the director directly owned 21,508 shares in the company, valued at $9,141,545.24. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Akira Takata sold 3,500 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $431.73, for a total value of $1,511,055.00. Following the transaction, the director owned 13,734 shares of the company's stock, valued at $5,929,379.82. This trade represents a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,178 shares of company stock worth $11,282,324 over the last ninety days. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On SiTime

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new position in SiTime during the 1st quarter valued at about $574,000. Sierra Summit Advisors LLC purchased a new position in SiTime during the 1st quarter valued at about $768,000. Y Intercept Hong Kong Ltd purchased a new position in SiTime during the 1st quarter valued at about $1,751,000. Pictet Asset Management Holding SA boosted its holdings in SiTime by 7.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,506 shares of the company's stock valued at $1,211,000 after acquiring an additional 250 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in SiTime during the 1st quarter valued at about $292,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

SiTime Trading Down 3.9%

NASDAQ SITM opened at $547.98 on Tuesday. The stock has a market cap of $14.47 billion, a PE ratio of -301.09 and a beta of 2.57. SiTime has a twelve month low of $138.74 and a twelve month high of $591.13. The stock has a fifty day simple moving average of $398.66 and a 200-day simple moving average of $357.19.

SiTime (NASDAQ:SITM - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.33. The business had revenue of $113.29 million during the quarter, compared to analysts' expectations of $101.91 million. SiTime had a negative return on equity of 2.06% and a negative net margin of 13.13%.The company's revenue was up 66.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. Research analysts predict that SiTime will post 1.31 EPS for the current year.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime's products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company's timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.

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