<div id="readability-page-1"><p>SiTime Corporation (NASDAQ:SITM - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $859.41 and last traded at $855.9470, with a volume of 112069 shares traded. The stock had previously closed at $833.08.</p><h2>Analysts Set New Price Targets</h2><ul><li>Find the Next NVIDIA With This Semiconductor ETF</li></ul><p>A number of research firms have weighed in on SITM. Needham &amp; Company LLC raised their price objective on shares of SiTime from $450.00 to $850.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday. UBS Group raised their price objective on shares of SiTime from $675.00 to $775.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, April 16th. Wall Street Zen upgraded shares of SiTime from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday. Finally, Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of SiTime in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $661.88.</p><p><b>Read Our Latest Analysis on SITM</b></p><h2>SiTime Price Performance</h2><ul><li>Can These 3 Semiconductor Stocks Outpace Nvidia's Growth? </li></ul><p>The business's 50 day moving average price is $422.53 and its 200 day moving average price is $370.64. The stock has a market capitalization of $23.80 billion, a P/E ratio of -892.55 and a beta of 2.91. </p><p>SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.30. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The firm had revenue of $113.57 million during the quarter, compared to analyst estimates of $103.51 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business's revenue for the quarter was up 88.3% on a year-over-year basis.  As a group, analysts forecast that  SiTime Corporation will post 1.31 earnings per share for the current fiscal year. </p><h2>Insider Activity at SiTime</h2><ul><li>Chipmaker SiTime Near All-Time High Ground On Strong Sales, Earnings Growth</li></ul><p>In other news, insider Piyush B. Sevalia sold 2,419 shares of SiTime stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $484.05, for a total value of $1,170,916.95. Following the completion of the sale, the insider directly owned 84,250 shares in the company, valued at $40,781,212.50. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fariborz Assaderaghi sold 4,984 shares of SiTime 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 completion of the sale, the insider owned 89,194 shares of the company's stock, valued at $36,252,901.30. This represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,678 shares of company stock valued at $9,771,269. Insiders own  1.40% of the company's stock. </p><h2>Institutional Trading of SiTime</h2><p>A number of large investors have recently made changes to their positions in SITM. Parallel Advisors LLC boosted its holdings in shares of  SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company's stock worth $27,000 after buying an additional 16 shares during the last quarter.  Los Angeles Capital Management LLC boosted its holdings in shares of  SiTime by 0.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company's stock worth $3,187,000 after buying an additional 25 shares during the last quarter.  Optiver Holding B.V. boosted its holdings in shares of  SiTime by 56.1% in the third quarter. Optiver Holding B.V. now owns 89 shares of the company's stock worth $27,000 after buying an additional 32 shares during the last quarter.  Atlas Brown Inc. boosted its holdings in shares of  SiTime by 1.6% in the fourth quarter. Atlas Brown Inc. now owns 2,292 shares of the company's stock worth $810,000 after buying an additional 37 shares during the last quarter.  Finally, CWM LLC boosted its holdings in shares of  SiTime by 4.2% in the fourth quarter. CWM LLC now owns 951 shares of the company's stock worth $336,000 after buying an additional 38 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors. </p><h2>About SiTime</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than SiTime</li><li>Before the Moon Base Gets Built, These 4 Companies Win</li><li>Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases</li><li>3 Stocks That Win If Inflation Surprises to the Downside</li><li>MercadoLibre Boldly Invests in Growth: Discount Deepens</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SiTime Right Now?</h2><p>Before you consider SiTime, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SiTime wasn't on the list.</p><p>While SiTime currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>SiTime Corporation (NASDAQ:SITM) reached a new 52-week high of $859.41 during trading, closing at $855.95. Analysts have raised price targets, with Needham & Company setting a target of $850, UBS at $775, and Stifel Nicolaus at $500, all maintaining a "buy" rating. The stock has a market cap of $23.80 billion and reported an EPS of $1.44, exceeding estimates. Insider trading activity includes sales by Piyush B. Sevalia and Fariborz Assaderaghi. Institutional investors have also increased their holdings in SiTime recently.</p>

SiTime (NASDAQ:SITM) Reaches New 52-Week High - Here's Why