Seaport Global Securities analyst Jay Goldberg upgraded SiTime Corp. (NASDAQ: SITM) from Neutral to Buy, setting a price target of $425.00. The upgrade follows a significant 50% drop in SiTime's stock since September 2026, which the analyst believes presents a buying opportunity, despite ongoing concerns about operational scaling and supply constraints. Goldberg noted the company's strong execution and expanding presence in data centers, indicating confidence in its business strength amidst what is perceived as an indiscriminate market sell-off related to the AI cycle.
Original sourceSITMNASDAQTechnology
SITIME CORP
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Latest price
$416.92
+17.44%
Alpha Vantage · 11/6/2026
Industry: SemiconductorsCategory: Domestic Common StockCurrency: USDNews: 1 recent
Analyze SITM free One-year price history
Adjusted daily closes · 252 observations · as of Nov 6, 2026
1 month
-35.4%
3 months
-39.6%
6 months
-50.0%
1 year
+22.7%
Year to date
+18.0%
52-week range
$252.76 – $901.48
Fundamental snapshot
Latest reported period: Sep 30, 2026
Market cap
$12.59B
P/E
476
P/B
3.6
P/S
18.4
Revenue
$682.96M
Net income
$26.46M
Diluted EPS
1
Gross margin
56.20%
Net margin
3.90%
Return on equity
1.50%
Total debt
$1.32B
Cash
$324.35M
Free cash flow
$41.44M
Latest eight reported quarters
Reported quarterly values, newest first
| Period | Revenue | Net income | Gross margin | Net margin | Free cash flow |
|---|---|---|---|---|---|
| Sep 30, 2026 | $298.67M | $4.35M | 51.60% | 1.50% | -$16.75M |
| Jun 30, 2026 | $157.43M | $18.16M | 63.00% | 11.50% | $27.32M |
| Mar 31, 2026 | $113.57M | -$5.22M | 59.00% | -4.60% | $17.87M |
| Dec 31, 2025 | $113.29M | $9.17M | 56.40% | 8.10% | $12.99M |
| Sep 30, 2025 | $83.57M | -$8.01M | 53.50% | -9.60% | $26.31M |
| Jun 30, 2025 | $69.49M | -$20.18M | 51.90% | -29.00% | -$2.89M |
| Mar 31, 2025 | $60.31M | -$23.88M | 50.30% | -39.60% | -$1.28M |
| Dec 31, 2024 | $68.11M | -$18.81M | 52.60% | -27.60% | -$2.4M |
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
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Seaport Global Securities Upgrades SiTime Corp. (SITM) to Buy