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

Key Points

• Needham raised SiTime’s price target to $900 from $850 and maintained a “buy” rating, implying 65.71% upside from the reported $543.12 share price. The analyst consensus is “Moderate Buy,” with an average target of $668.12.
• SiTime reported strong quarterly results, with EPS of $2.34 versus the $1.95 estimate and revenue of $157.43 million, up 126.5% year over year and above expectations.
• Despite institutional ownership of 84.31%, insiders sold 69,709 shares worth approximately $50.2 million during the last quarter. The stock was reported down 6.9%, with a market capitalization of $14.34 billion and a 12-month range of $187.56 to $901.81.

SiTime (NASDAQ:SITM - Get Free Report) had its price objective increased by equities research analysts at Needham & Company LLC from $850.00 to $900.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's target price suggests a potential upside of 65.71% from the stock's current price.

Several other research analysts have also recently issued reports on SITM. Barclays upgraded SiTime from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Roth Capital reiterated a "buy" rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, May 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of SiTime in a research report on Friday, July 17th. Stifel Nicolaus lifted their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $800.00 price objective on shares of SiTime in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $668.12.

SiTime Trading Down 6.9%

Shares of SiTime stock opened at $543.12 on Thursday. The firm's 50 day simple moving average is $637.07 and its two-hundred day simple moving average is $525.29. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of -537.74 and a beta of 2.94. SiTime has a 12-month low of $187.56 and a 12-month high of $901.81.

SiTime (NASDAQ:SITM - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a positive return on equity of 0.53% and a negative net margin of 6.38%.The firm had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm's revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts predict that SiTime will post 3.23 EPS for the current fiscal year.

Insider Activity at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $727.38, for a total transaction of $1,454,760.00. Following the sale, the director directly owned 19,898 shares of the company's stock, valued at $14,473,407.24. This represents a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 710 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $720.00, for a total transaction of $511,200.00. Following the sale, the director directly owned 13,141 shares in the company, valued at approximately $9,461,520. The trade was a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,709 shares of company stock valued at $50,230,546 in the last quarter. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiTime

Large investors have recently bought and sold shares of the business. Rakuten Securities Inc. grew its holdings in SiTime by 188.5% in the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC grew its stake in SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 16 shares during the period. Larson Financial Group LLC increased its holdings in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company's stock worth $30,000 after acquiring an additional 96 shares in the last quarter. USA Financial Formulas acquired a new position in SiTime during the first quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in SiTime during the fourth quarter worth $33,000. Institutional investors and hedge funds own 84.31% of the company's stock.

About SiTime

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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