SiTime (NASDAQ:SITM) Shares Gap Up After Earnings Beat

SiTime Corporation (NASDAQ:SITM) shares gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $543.12, but opened at $684.88. SiTime shares last traded at $667.9230, with a volume of 327,228 shares trading hands.

The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter last year, the business earned $0.47 EPS. SiTime’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS.

Trending Headlines about SiTime

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Strong Q2 results: SiTime reported adjusted earnings of $2.34 per share, exceeding consensus estimates of approximately $1.93–$1.95. Revenue reached $157.43 million, above the $146.46 million estimate and up 126.5% year over year. SiTime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Outlook significantly surpassed expectations: Management guided for third-quarter earnings of $3.50–$3.65 per share, compared with consensus of $1.90, and revenue of $285 million–$295 million versus estimates of $163.8 million. The guidance suggests continued acceleration and was likely the strongest immediate catalyst for the stock. SiTime Q2 Earnings Report
• Positive Sentiment: Analyst became more bullish: Needham raised its SiTime price target from $850 to $900 and upgraded the stock to “Buy,” citing additional potential upside from current trading levels. Needham Raises SiTime Price Target
• Neutral Sentiment: SiTime’s Q2 earnings call and results provide further management commentary for investors assessing the company’s growth outlook and execution. SiTime Q2 2026 Earnings Call Transcript
• Negative Sentiment: Despite the earnings momentum, SiTime remains a high-volatility, richly valued stock. Its reported net margin was negative, meaning investors are pricing in substantial future growth and may react sharply if quarterly execution or guidance weakens.

Analyst Ratings Changes

A number of research firms have recently issued reports on SITM. Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Zacks Research lowered SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stifel Nicolaus upped their price objective on SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $800.00 target price on shares of SiTime in a report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $676.25.

Insider Transactions at SiTime

In other SiTime news, Director Christine Heckart sold 1,290 shares of SiTime stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $700.00, for a total value of $903,000.00. Following the completion of the transaction, the director directly owned 790 shares in the company, valued at $553,000. The trade was a 62.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Akira Takata sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $860.86, for a total transaction of $1,291,290.00. Following the transaction, the director owned 12,234 shares of the company’s stock, valued at $10,531,761.24. This represents a 10.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,709 shares of company stock valued at $50,230,546 over the last ninety days. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On SiTime

Several hedge funds have recently made changes to their positions in the business. 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 purchasing an additional 49 shares during the period. Parallel Advisors LLC boosted its position in SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of SiTime during the 4th quarter valued at $33,000. USA Financial Formulas acquired a new stake in shares of SiTime during the 1st quarter valued at $33,000. Finally, Larson Financial Group LLC grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

SiTime Price Performance

The stock has a market cap of $18.03 billion, a price-to-earnings ratio of -671.28 and a beta of 2.94. The business has a fifty day moving average of $637.07 and a 200 day moving average of $525.29.

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.