SiTime Rises as Strong Earnings, Guidance, and Renesas Deal Support Shares

SiTime Corporation (SITM) is up 5.6% today. Here is some analysis on what might have caused this price movement.

Analysis: A clear company-specific headline does not appear to be driving today’s move by itself, so the gain looks most likely tied to continued investor reaction to SiTime’s very strong second-quarter results, upbeat near-term outlook, and the recently completed Renesas timing-business acquisition. This could also reflect momentum buying after the stock’s sharp post-earnings re-rating earlier in August.

Details:

SiTime said second-quarter 2026 revenue rose 127% year over year to $157.4 million, showing a sharp acceleration in demand.

The company’s recent quarterly update indicated non-GAAP earnings of $2.34 per share and projected third-quarter revenue of $285 million to $295 million, pointing to another step up in growth.

SiTime completed the acquisition of Renesas’ timing business on July 1, 2026, a deal the company said accelerates its path toward becoming a larger pure-play precision timing supplier.

The acquisition added scale, a broader customer base, and cross-selling potential, which may be reinforcing bullish sentiment as investors assess earnings power beyond the latest quarter.

Sources:

SiTime, SEC, Renesas, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SITM Insider Trading Activity

$SITM insiders have traded $SITM stock on the open market 31 times in the past 6 months. Of those trades, 0 have been purchases and 31 have been sales.

Here’s a breakdown of recent trading of $SITM stock by insiders over the last 6 months:

CORP /FI MEGACHIPS sold 400,000 shares for an estimated $311,800,000
RAJESH VASHIST (Chief Executive Officer) has made 0 purchases and 4 sales selling 60,000 shares for an estimated $43,048,200.
FARIBORZ ASSADERAGHI (See Remarks) has made 0 purchases and 6 sales selling 10,193 shares for an estimated $5,758,637.
LIONEL BONNOT (See Remarks) has made 0 purchases and 5 sales selling 7,126 shares for an estimated $3,833,586.
PIYUSH B SEVALIA (See Remarks) has made 0 purchases and 5 sales selling 6,047 shares for an estimated $2,643,620.
RAMAN CHITKARA has made 0 purchases and 3 sales selling 2,501 shares for an estimated $1,667,700.
VINCENT P PANGRAZIO (See Remarks) sold 2,000 shares for an estimated $1,450,640
AKIRA TAKATA sold 1,500 shares for an estimated $1,291,290
TORSTEN KREINDL has made 0 purchases and 3 sales selling 1,760 shares for an estimated $1,268,950.
CHRISTINE HECKART sold 1,290 shares for an estimated $903,000
KATHERINE SCHUELKE sold 500 shares for an estimated $349,025

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SITM Hedge Fund Activity

We have seen 331 institutional investors add shares of $SITM stock to their portfolio, and 261 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 645,930 shares (+13905.9%) to their portfolio in Q2 2026, for an estimated $481,579,570
BLACKROCK, INC. removed 490,670 shares (-17.0%) from their portfolio in Q2 2026, for an estimated $365,823,925
PRICE T ROWE ASSOCIATES INC /MD/ removed 361,257 shares (-52.8%) from their portfolio in Q2 2026, for an estimated $269,338,768
JPMORGAN CHASE & CO added 355,910 shares (+inf%) to their portfolio in Q2 2026, for an estimated $265,352,259
ARTISAN PARTNERS LIMITED PARTNERSHIP added 289,116 shares (+147.5%) to their portfolio in Q2 2026, for an estimated $215,553,324
JANE STREET GROUP, LLC added 235,361 shares (+133.1%) to their portfolio in Q2 2026, for an estimated $175,475,747
AMERIPRISE FINANCIAL INC removed 207,618 shares (-44.5%) from their portfolio in Q2 2026, for an estimated $154,791,676

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SITM Price Targets

Multiple analysts have issued price targets for $SITM recently. We have seen 4 analysts offer price targets for $SITM in the last 6 months, with a median target of $812.5.

Here are some recent targets:

N. Quinn Bolton from Needham set a target price of $850.0 on 05/07/2026
Tom O'Malley from Barclays set a target price of $850.0 on 05/07/2026
Timothy Arcuri from UBS set a target price of $775.0 on 05/07/2026
Tore Svanberg from Stifel set a target price of $500.0 on 04/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.