Needham & Company LLC Forecasts Strong Price Appreciation for SiTime (NASDAQ:SITM) Stock

SiTime (NASDAQ:SITM) had its price objective hoisted by Needham & Company LLC from $400.00 to $450.00 in a report released on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 7.48% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of SiTime from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research report on Thursday, January 22nd. UBS Group boosted their price objective on shares of SiTime from $375.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Barclays set a $400.00 price objective on SiTime in a research report on Thursday. Finally, Roth Mkm restated a “buy” rating and issued a $350.00 price target on shares of SiTime in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $409.38.

SiTime Trading Up 2.0%

Shares of NASDAQ:SITM opened at $418.69 on Thursday. The stock has a fifty day simple moving average of $359.69 and a two-hundred day simple moving average of $295.56. SiTime has a 12-month low of $105.40 and a 12-month high of $440.00. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of -230.05 and a beta of 2.51.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.33. The firm had revenue of $113.28 million during the quarter, compared to the consensus estimate of $101.91 million. SiTime had a negative return on equity of 2.06% and a negative net margin of 13.13%.The company’s revenue was up 66.3% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. As a group, equities research analysts predict that SiTime will post -2.44 EPS for the current year.

Insider Transactions at SiTime

In other SiTime news, insider Samsheer Ahamad sold 4,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $291.10, for a total value of $1,164,400.00. Following the completion of the sale, the insider owned 51,711 shares in the company, valued at $15,053,072.10. This represents a 7.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rajesh Vashist sold 2,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $369.20, for a total transaction of $738,400.00. Following the completion of the sale, the chief executive officer directly owned 431,609 shares of the company’s stock, valued at $159,350,042.80. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,500 shares of company stock worth $2,922,210 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On SiTime

A number of institutional investors have recently bought and sold shares of SITM. Royal Bank of Canada lifted its position in shares of 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 in the last quarter. Advisors Asset Management Inc. raised its stake in SiTime by 33.6% during the 1st 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 period. AQR Capital Management LLC lifted its holdings in SiTime by 310.8% in the 1st quarter. AQR Capital Management LLC now owns 10,754 shares of the company’s stock worth $1,557,000 after purchasing an additional 8,136 shares in the last quarter. Intech Investment Management LLC boosted its stake in SiTime by 21.6% in the 1st quarter. Intech Investment Management LLC now owns 8,322 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,477 shares during the period. Finally, Maryland State Retirement & Pension System boosted its stake in SiTime by 10.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,138 shares of the company’s stock worth $1,308,000 after purchasing an additional 560 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Key SiTime News

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q4 results materially beat expectations — EPS $1.53 vs. consensus $1.20 and revenue $113.3M (+66% y/y), driving confidence in near‑term demand and growth. SiTime Q4 beat
• Positive Sentiment: SiTime agreed to acquire Renesas’ timing business for ~$1.5B — the deal expands addressable market and underpins management’s $1B revenue vision and a projected ~70% gross‑margin uplift if cost synergies and product cross‑sell materialize. Acquisition announcement Vision & margins
• Positive Sentiment: Analyst support: Needham raised its price target to $450 and kept a Buy rating, signaling additional analyst conviction that could attract buyers. Price target raise
• Neutral Sentiment: Management commentary highlights upside potential: CEO said SiTime tech could eventually be used in “billions” of Renesas chips — promising but dependent on product qualification and ramp. CEO remarks
• Neutral Sentiment: Earnings call materials and transcripts are available for investor due diligence — useful for details on integration plans and margin guidance. Earnings presentation Call transcript
• Negative Sentiment: Deal and execution risks: the $1.5B acquisition is large relative to market cap and execution/integration risk could weigh on cash flow, margins and near‑term returns; the company still shows negative net margin and analysts expect negative EPS for the current year, so investor gains hinge on successful integration and margin delivery. Deal size & risks

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.