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

Equities researchers at Rosenblatt Securities assumed coverage on shares of SiTime (NASDAQ:SITM) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $750.00 price target on the stock. Rosenblatt Securities’ price target indicates a potential upside of 51.29% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC raised their price objective on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seaport Research Partners assumed coverage on SiTime in a report on Tuesday, September 22nd. They set a “neutral” rating on the stock. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research report on Saturday. Benchmark started coverage on SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 target price on the stock. Finally, UBS Group increased their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $721.00.

SiTime Stock Up 5.0%

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

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’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. As a group, equities analysts forecast that SiTime will post 6.37 EPS for the current fiscal year.

Insider Activity at SiTime

In other news, insider Fariborz Assaderaghi sold 1,374 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the sale, the insider owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 12,000 shares of the company’s stock in a transaction dated 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 owned 345,544 shares in the company, valued at approximately $208,525,437.68. This trade represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,924 shares of company stock worth $10,056,661 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after buying an additional 16 shares during the last quarter. USA Financial Formulas acquired a new position in shares of SiTime in the 1st quarter worth approximately $33,000. V Square Quantitative Management LLC acquired a new position in shares of SiTime in the 3rd quarter worth approximately $35,000. Optiver Holding B.V. increased its holdings in shares of SiTime by 433.3% in the 1st quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock valued at $44,000 after acquiring an additional 104 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of SiTime in the 2nd quarter valued at approximately $48,000. 84.31% of the stock is owned by institutional investors.

About SiTime

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.