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

SiTime Corporation (NASDAQ:SITM) shares were up 5.4% on Thursday . The company traded as high as $619.84 and last traded at $621.4960. 308,082 shares changed hands during trading, a decline of 34% from the average session volume of 470,186 shares. The stock had previously closed at $589.87.

Wall Street Analyst Weigh In

A number of research firms have commented on SITM. Needham & Company LLC increased their price objective on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $761.25.

SiTime Stock Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The firm’s 50-day moving average price is $601.14 and its two-hundred day moving average price is $568.10. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 1,253.22 and a beta of 2.86.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. During the same period last year, the business earned $0.47 earnings per share. SiTime’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. On average, analysts expect that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total transaction of $757,753.50. Following the sale, the director owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajesh Vashist sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $750.00, for a total value of $3,750,000.00. Following the completion of the transaction, the chief executive officer owned 9,781 shares in the company, valued at $7,335,750. This represents a 33.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 24,550 shares of company stock worth $18,309,538. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiTime

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the period. Larson Financial Group LLC raised 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 valued at $30,000 after buying an additional 96 shares during the period. USA Financial Formulas acquired a new position in SiTime in the first quarter valued at about $33,000. Caitong International Asset Management Co. Ltd acquired a new position in SiTime in the fourth quarter valued at about $33,000. Finally, Optiver Holding B.V. boosted its stake in SiTime by 433.3% during the first quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock worth $44,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

About SiTime

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.