SiTime (NASDAQ:SITM) Price Target Raised to $900.00

SiTime (NASDAQ:SITM) had its price objective lifted by Rosenblatt Securities from $750.00 to $900.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on SITM. UBS Group upped their price objective on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seaport Research Partners started coverage on shares of SiTime in a research note on Tuesday, September 22nd. They issued a “neutral” rating for the company. The Goldman Sachs Group restated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research report on Thursday, August 6th. Weiss Ratings cut shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Morgan Stanley initiated coverage on shares of SiTime in a research note on Thursday, September 17th. They set an “overweight” rating and a $370.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SiTime presently has an average rating of “Moderate Buy” and an average price target of $706.00.

SiTime Stock Performance

SiTime stock opened at $355.00 on Tuesday. SiTime has a 12-month low of $243.68 and a 12-month high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $565.87 and its two-hundred day moving average price is $546.00. The stock has a market cap of $10.68 billion, a PE ratio of 377.66 and a beta of 2.88.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, November 4th. The company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.62 by $0.39. The firm had revenue of $298.67 million during the quarter, compared to the consensus estimate of $292.65 million. SiTime had a return on equity of 13.92% and a net margin of 3.87%. The business’s quarterly revenue was up 257.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. As a group, analysts expect that SiTime will post 6.37 earnings per share for the current fiscal year.

Insider Transactions at SiTime

In other news, CEO Rajesh Vashist sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the sale, the chief executive officer directly owned 345,544 shares in the company, valued at approximately $208,525,437.68. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Fariborz Assaderaghi sold 1,374 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the transaction, the insider directly owned 66,861 shares of the company’s stock, valued at $46,872,904.05. This represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,874 shares of company stock valued at $9,298,908 over the last three months. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in SiTime during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC bought a new position in shares of SiTime in the 3rd quarter worth about $35,000. Global Retirement Partners LLC bought a new position in shares of SiTime in the 2nd quarter worth about $48,000. Parallel Advisors LLC lifted its stake in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new position in shares of SiTime in the 2nd quarter valued at about $57,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Key SiTime News

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q3 revenue rose 257.4% year over year to $298.67 million, topping estimates, while adjusted EPS of $4.01 also beat consensus. Gross margin was reported at 70.7%. SiTime Q3 results
• Positive Sentiment: Management highlighted AI infrastructure demand, expanding optical-networking opportunities and the Renesas timing acquisition as growth drivers. Rosenblatt Securities also raised its price target, according to a report. Q3 earnings call highlights Rosenblatt price-target report
• Negative Sentiment: Management flagged wafer-supply constraints that could persist through 2027, potentially limiting the company’s ability to meet demand and convert its strong pipeline into near-term sales. Supply constraints and outlook
• Negative Sentiment: Needham cut its price target to $600 from $900, though it maintained a Buy rating. The reduction may have added pressure amid high expectations for the stock. Needham rating and target

About SiTime

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.