On September 11, SiTime Corp rose 5.04% in regular trading, trading at 618.26 USD/share, with turnover of $188 million, bucking a broadly weaker semiconductor sector.

The rally reflects continued momentum from a series of positive developments. SiTime reported Q2 adjusted earnings of $2.34 per diluted share, significantly exceeding the consensus estimate of $1.95, while revenue of $157.4 million surged 126% year-over-year and topped the $146.5 million expectation. Multiple investment banks reinforced bullish outlooks — Benchmark initiated coverage with a Buy rating and an $850 price target, while UBS raised its target to $840 from $775, maintaining a Buy rating. The analyst consensus target stands at approximately $864, implying meaningful upside from current levels.

Additionally, SiTime closed its acquisition of Renesas Electronics' timing business assets in early July, which is estimated to generate at least $300 million in annual revenue and is expected to accelerate the company's path toward $1 billion in total revenue. The company also secured a $200 million senior secured revolving credit facility with Wells Fargo to support its expanded operations.

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