Seaport upgrade and 3‑for‑1 split lift SiTime after record Q3 earnings
Seaport Global upgraded SiTime to Buy with a $425 price target, citing strong AI infrastructure demand and competitive positioning. The company posted adjusted Q3 earnings of $4.01 per share on $298.7 million revenue, far above consensus. Management also gave Q4 guidance of $331 million‑$341 million revenue and non‑GAAP EPS around $4.76, and announced a 3‑for‑1 forward stock split effective Dec 7, 2026. The news sent the shares up about 15% in midday trading.
Why it matters
The $425 target represents roughly 19.7% upside from the prior close, suggesting further price appreciation. The forward split could broaden the investor base and improve liquidity, potentially supporting the stock’s rally.
Key facts
- 1Seaport Global upgraded SiTime to Buy with a $425 price target. investing.com
- 2SiTime reported adjusted Q3 earnings of $4.01 per share on revenue of $298.7 million. investing.com
- 3Net sales surged 257% year‑over‑year. investing.com
- 4Q4 guidance projects revenue of $331 million to $341 million and non‑GAAP EPS of approximately $4.76 at the midpoint. investing.com
- 5The company announced a 3‑for‑1 forward stock split effective December 7, 2026. investing.com
- 6Shares rose about 15.5% intraday, reaching a session high of $415 and closing around $409.92. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.