SiTime (NASDAQ:SITM) Trading 5.4% Higher – Time to Buy?

SiTime Corporation (NASDAQ:SITM)’s share price shot up 5.4% during trading on Thursday . The stock traded as high as $619.84 and last traded at $621.4960. 308,082 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 470,186 shares. The stock had previously closed at $589.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Needham & Company LLC increased their price target on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. UBS Group lifted their price objective on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $761.25.

SiTime Stock Performance

The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 1,253.22 and a beta of 2.86. The firm has a fifty day simple moving average of $601.14 and a 200 day simple moving average of $568.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $146.46 million. During the same period in the prior year, the company posted $0.47 EPS. The business’s quarterly 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, analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Activity at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the business’s 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 completion of the sale, the director owned 19,898 shares of the company’s stock, valued at $14,473,407.24. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $745.00, for a total transaction of $745,000.00. Following the sale, the director directly owned 10,999 shares of the company’s stock, valued at $8,194,255. This represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,550 shares of company stock valued at $18,309,538 in the last three months. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in SiTime by 73,098.9% in the 2nd quarter. California State Teachers Retirement System now owns 18,779,165 shares of the company’s stock valued at $14,000,994,000 after purchasing an additional 18,753,510 shares during the last quarter. BlackRock Inc. acquired a new stake in SiTime during the 2nd quarter worth $1,781,937,000. Norges Bank acquired a new stake in SiTime during the 4th quarter worth $83,977,000. Whale Rock Capital Management LLC grew its holdings in shares of SiTime by 45.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after buying an additional 218,038 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of SiTime by 61.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after buying an additional 213,242 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

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.