SiTime (NASDAQ:SITM) Rating Increased to Strong-Buy at Benchmark

Benchmark upgraded shares of SiTime (NASDAQ:SITM) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

SITM has been the subject of several other research reports. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $400.00 to $850.00 in a report on Thursday, May 7th. UBS Group upped their target price on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, May 7th. Finally, Needham & Company LLC raised their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, SiTime presently has a consensus rating of “Buy” and a consensus target price of $706.67.

SiTime Price Performance

Shares of SITM stock opened at $598.81 on Wednesday. The company has a market cap of $18.01 billion, a P/E ratio of 1,222.06 and a beta of 2.94. SiTime has a 1-year low of $217.64 and a 1-year high of $901.81. 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 stock’s 50-day moving average is $635.80 and its 200 day moving average is $550.04.

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

Insider Buying and Selling

In other news, 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 completion of the sale, the director directly owned 12,481 shares in the company, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rajesh Vashist sold 30,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $701.13, for a total value of $21,033,900.00. Following the completion of the transaction, the chief executive officer owned 402,898 shares in the company, valued at $282,483,874.74. The trade was a 6.93% 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. Insiders have sold a total of 68,340 shares of company stock valued at $49,029,718 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in SiTime by 12.5% in the first quarter. Royal Bank of Canada now owns 4,411 shares of the company’s stock valued at $675,000 after acquiring an additional 491 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of SiTime by 33.6% in the first quarter. Advisors Asset Management Inc. now owns 350 shares of the company’s stock valued at $54,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of SiTime by 310.8% during the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after buying an additional 8,136 shares during the period. Intech Investment Management LLC grew its position in shares of SiTime by 21.6% in the first quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,477 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in SiTime during the 2nd quarter worth approximately $240,000. 84.31% of the stock is currently owned by institutional investors.

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.