SiTime (NASDAQ:SITM) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of SiTime (NASDAQ:SITM) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

Other equities research analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Benchmark started coverage on SiTime in a report on Wednesday, August 19th. They set a “buy” rating and a $850.00 price objective for the company. Weiss Ratings downgraded SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Wall Street Zen lowered SiTime from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Finally, Needham & Company LLC lifted their target price on SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $717.78.

SiTime Trading Up 0.1%

NASDAQ:SITM opened at $711.06 on Monday. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $619.65 and a two-hundred day simple moving average of $603.21. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 1,451.14 and a beta of 2.88. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81.

SiTime (NASDAQ:SITM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Analysts expect that SiTime will post 6.37 EPS for the current fiscal year.

Insider Transactions at SiTime

In other news, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fariborz Assaderaghi sold 1,374 shares of SiTime stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the sale, the insider directly owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. This trade represents a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,924 shares of company stock valued at $10,056,661. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the period. Los Angeles Capital Management LLC increased its stake in SiTime by 0.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock worth $3,187,000 after acquiring an additional 25 shares during the last quarter. Wedmont Private Capital increased its stake in SiTime by 4.5% in the 2nd quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after acquiring an additional 28 shares during the last quarter. Allworth Financial LP boosted its position in shares of SiTime by 50.0% during the 2nd quarter. Allworth Financial LP now owns 90 shares of the company’s stock valued at $67,000 after acquiring an additional 30 shares during the last quarter. Finally, Saturna Capital Corp boosted its position in shares of SiTime by 5.2% during the 4th quarter. Saturna Capital Corp now owns 1,010 shares of the company’s stock valued at $357,000 after acquiring an additional 50 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

About SiTime

SiTime Corporation is a fabless semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute, and synchronize timing signals used by electronic systems, helping equipment operate reliably and maintain accurate data transmission.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators, and related timing components. These products are used in data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense applications, and other electronics markets.

Founded in 2005 and headquartered in Santa Clara, California, SiTime serves customers and markets internationally.