SiTime (NASDAQ:SITM) Raised to “Strong-Buy” at Zacks Research

SiTime (NASDAQ:SITM) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on SITM. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Roth Capital reissued a “buy” rating and set a $900.00 price objective on shares of SiTime in a report on Thursday, May 7th. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $400.00 to $850.00 in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SiTime in a report on Friday, July 17th. 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 report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $688.75.

SiTime Trading Up 3.5%

Shares of SiTime stock opened at $711.91 on Thursday. The firm’s 50 day moving average is $637.05 and its 200 day moving average is $540.22. The firm has a market capitalization of $21.41 billion, a PE ratio of 1,452.88 and a beta of 2.94. SiTime has a 1 year low of $204.60 and a 1 year high of $901.81. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’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. Equities research analysts forecast that SiTime will post 6.33 earnings per share for the current fiscal year.

Insider Activity at SiTime

In related news, insider Fariborz Assaderaghi sold 1,709 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $731.49, for a total value of $1,250,116.41. Following the completion of the sale, the insider directly owned 81,436 shares in the company, valued at $59,569,619.64. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the transaction, the director directly 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,759 shares of company stock valued at $50,046,035 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. raised its position in shares of SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Parallel Advisors LLC increased its position in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the period. Larson Financial Group LLC raised its holdings in SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. USA Financial Formulas acquired a new position in shares of SiTime in the 1st quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of SiTime in the 4th quarter valued at $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.