Why SiTime (SITM) Stock Is Up Today

SiTime Corporation (SITM) is up 8.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a combination of company-specific momentum and a favorable tape for semiconductor names. SiTime recently completed its acquisition of Renesas’ timing business, a deal that materially expands its product lineup, customer reach, and exposure to AI data center infrastructure, which likely reinforced the bull case as chip stocks recovered.

Details:

SiTime said on July 1 that it completed the purchase of certain Renesas timing assets, calling the deal a major step in building a larger pure-play precision timing business.

The company said the acquired business is expected to contribute at least $300 million in revenue over the 12 months following the acquisition.

Management also highlighted that the acquired operation has strong gross margins, a large installed customer base, and heavy exposure to AI-datacenter-comms markets.

SiTime already entered July with strong operating momentum after reporting first-quarter 2026 revenue growth of 88.3% year over year, helped by AI infrastructure and high-performance system demand.

Sources:

SEC, SiTime, Reuters

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 8 sales selling 12,805 shares for an estimated $6,870,772.
SAMSHEER AHAMAD (See Remarks) sold 9,100 shares for an estimated $4,017,377
AKIRA TAKATA has made 0 purchases and 2 sales selling 5,000 shares for an estimated $2,802,345.
LIONEL BONNOT (See Remarks) has made 0 purchases and 4 sales selling 5,626 shares for an estimated $2,746,086.
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
CHRISTINE HECKART sold 1,290 shares for an estimated $903,000
TORSTEN KREINDL sold 710 shares for an estimated $511,200

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 200 institutional investors add shares of $SITM stock to their portfolio, and 193 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 606,711 shares (+18.1%) to their portfolio in Q1 2026, for an estimated $209,527,643
BLACKROCK, INC. removed 497,127 shares (-14.7%) from their portfolio in Q1 2026, for an estimated $171,682,809
ARTISAN PARTNERS LIMITED PARTNERSHIP added 196,007 shares (+inf%) to their portfolio in Q1 2026, for an estimated $67,691,017
DRIEHAUS CAPITAL MANAGEMENT LLC removed 184,908 shares (-44.8%) from their portfolio in Q1 2026, for an estimated $63,857,977
MORGAN STANLEY removed 139,324 shares (-35.2%) from their portfolio in Q1 2026, for an estimated $48,115,543
WHALE ROCK CAPITAL MANAGEMENT LLC removed 121,606 shares (-17.4%) from their portfolio in Q1 2026, for an estimated $41,996,632
PRICE T ROWE ASSOCIATES INC /MD/ added 120,930 shares (+21.5%) to their portfolio in Q1 2026, for an estimated $41,763,175

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 Analyst Ratings

Wall Street analysts have issued reports on $SITM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/05/2026

To track analyst ratings and price targets for $SITM, check out Quiver Quantitative's $SITM forecast page.

$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.