Morgan Stanley starts coverage on SiTime stock at USD 370.00

SiTime Corporation stock (ISIN US82982T1060) is trading against a demanding analyst benchmark after Morgan Stanley began coverage on September 17, 2026 with an Overweight rating and a USD 370.00 price target, according to MarketBeat. The Nasdaq price of USD 501.59 stood 35.56 percent above that target on October 15, 2026. SiTime was trading at EUR 447.00 at Lang & Schwarz on October 15, 2026 at 10:49 p.m. CEST.

Growth raises the bar

SiTime's latest reported quarter showed why the valuation debate is unusually sharp. In the second quarter of 2026, GAAP gross profit reached USD 99.14 million, or 63.00 percent of revenue, while GAAP net income was USD 18.16 million, according to SiTime. Non-GAAP operating income was USD 53.46 million, compared with GAAP operating income of USD 8.22 million in the same quarter.

Price position on October 15

The primary Nasdaq quote stood at USD 501.59 at 4:00 p.m. ET on October 15, 2026, while the session range ran from USD 472.38 to USD 501.91. Trading volume was 1,101,402 shares against an average of 451,753 shares. SiTime's 52-week range was USD 243.68 to USD 901.81 on the same date, placing the quote 44.38 percent below the high and 105.82 percent above the low.

The second-quarter figures were released on August 5, 2026. The company had also completed its acquisition of Renesas' timing business on July 1, 2026, a transaction described in the results release.

Valuation and November date

Finance figures on October 15, 2026 put SiTime's market capitalization at USD 15.0 billion and its price-to-earnings ratio at 1,023.65. The company has no dividend yield in the quoted data. SiTime is scheduled to announce third-quarter 2026 results on November 4, 2026, after the market close, according to SiTime.

Comparison with peers

• SiTime: P/E 1,023.65, market capitalization USD 15.0 billion
• Texas Instruments (Nasdaq, USD): minus 0.55 percent, P/E 42.42, market capitalization USD 254.9 billion
• Microchip Technology (Nasdaq, USD): plus 4.22 percent, P/E 103.00, market capitalization USD 40.3 billion

Trading levels remain wide

SiTime's position combines a USD 15.0 billion valuation with a wide 52-week range and a target below the latest Nasdaq price. The November 4 results date gives investors the next scheduled checkpoint for revenue, margins and integration progress.

The further course of trading is shown by the continuously updated real-time quote of SiTime stock.

Market context: Market report S&P 500.

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