SiTime (NASDAQ:SITM) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SiTime (NASDAQ:SITM) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

SITM has been the subject of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research report on Tuesday, April 21st. Barclays upgraded SiTime from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $400.00 to $850.00 in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $800.00 price objective on shares of SiTime in a report on Thursday. Needham & Company LLC raised their target price on shares of SiTime from $450.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SiTime has an average rating of “Moderate Buy” and a consensus price target of $661.88.

SiTime Trading Up 4.5%

Shares of NASDAQ SITM opened at $833.08 on Friday. The firm has a market cap of $21.99 billion, a PE ratio of -824.83 and a beta of 2.91. SiTime has a 1-year low of $185.49 and a 1-year high of $845.00. The company has a fifty day moving average price of $422.53 and a 200 day moving average price of $370.64.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, May 6th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.30. The firm had revenue of $113.57 million during the quarter, compared to analyst estimates of $103.51 million. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The company’s revenue for the quarter was up 88.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts forecast that SiTime will post 1.31 EPS for the current year.

Insider Activity

In other news, Director Raman Chitkara sold 501 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $425.03, for a total value of $212,940.03. Following the sale, the director directly owned 21,508 shares of the company’s stock, valued at approximately $9,141,545.24. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fariborz Assaderaghi sold 4,984 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $406.45, for a total transaction of $2,025,746.80. Following the sale, the insider owned 89,194 shares of the company’s stock, valued at $36,252,901.30. This trade represents a 5.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,678 shares of company stock valued at $9,771,269 in the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On SiTime

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,825,402 shares of the company’s stock worth $997,904,000 after acquiring an additional 61,336 shares during the last quarter. Invesco Ltd. lifted its position in SiTime by 1.8% during the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after acquiring an additional 18,165 shares during the last quarter. State Street Corp lifted its position in SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company’s stock worth $194,176,000 after acquiring an additional 32,178 shares during the last quarter. Ameriprise Financial Inc. lifted its position in SiTime by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after acquiring an additional 132,948 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its position in 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 acquiring an additional 218,038 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime News Summary

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: SiTime posted strong Q1 2026 results, with EPS of $1.44 beating consensus of $1.14 and revenue of $113.6 million topping estimates, while revenue jumped 88.3% year over year. SiTime Earnings Report
• Positive Sentiment: The company raised second-quarter 2026 guidance well above Wall Street expectations, calling for EPS of $1.85 to $2.00 and revenue of $140 million to $150 million versus much lower consensus forecasts. SiTime Q1 2026 Financial Results
• Positive Sentiment: UBS Group raised its price target on SiTime to $775 and kept a buy rating, while Needham lifted its target to $850, signaling continued analyst confidence after the earnings beat. UBS Price Target Raise
• Neutral Sentiment: Investors are also digesting the Q1 earnings call transcript and commentary around growth opportunities in AI data centers and LEO satellites, which may support the long-term story but is less immediate than the earnings/guidance update. SiTime Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite the strong report, some coverage noted the stock initially fell after the release, likely reflecting lingering concerns about profitability since SiTime remains in a net loss position. SiTime Stock Falls on Q1 2026 Earnings

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.