SiTime to Acquire Renesas Timing Business in Major Deal

SiTime Corporation ( (SITM) ) has shared an announcement.

On February 4, 2026, SiTime agreed to acquire Renesas’ timing business for $1.5 billion in cash plus about 4.13 million shares, gaining a portfolio of clocking products, long-standing hyperscale and automotive customers, and a business projected to generate $300 million in its first post-close year with 70% gross margins. The deal, backed by $900 million of committed bridge financing and capped by a closing deadline at the end of 2026, is expected to accelerate SiTime’s path to $1 billion in revenue, expand its reach in AI datacenter and communications markets, and become accretive to non-GAAP EPS within a year, while a new partnership MOU explores integrating SiTime’s MEMS resonators into Renesas’ embedded computing lineup.

The most recent analyst rating on (SITM) stock is a Buy with a $400.00 price target. To see the full list of analyst forecasts on SiTime Corporation stock, see the SITM Stock Forecast page.

Spark’s Take on SITM Stock

According to Spark, TipRanks’ AI Analyst, SITM is a Neutral.

The score is primarily supported by constructive technical momentum and a positive earnings outlook with raised scale/operating leverage, but is held back by weak underlying profitability and cash-flow pressures in the financial statements, along with limited support from traditional valuation metrics (negative P/E and no dividend yield).

To see Spark’s full report on SITM stock, click here.

More about SiTime Corporation

SiTime Corporation is a precision timing specialist that supplies MEMS-based oscillators and related high-performance timing devices for communications, enterprise, datacenter, industrial and automotive markets.

Average Trading Volume: 344,907

Technical Sentiment Signal: Buy

Current Market Cap: $9.77B

See more data about SITM stock on TipRanks’ Stock Analysis page.