SiTime (NASDAQ:SITM) Stock Price Down 8.1% – What’s Next?

SiTime Corporation (NASDAQ:SITM) shares were down 8.1% during mid-day trading on Monday . The company traded as low as $571.84 and last traded at $584.03. 45,167 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 468,922 shares. The stock had previously closed at $635.66.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC raised their target price on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Benchmark began coverage on SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research note on Thursday, August 6th. Weiss Ratings raised SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Finally, Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $761.25.

SiTime Price Performance

The stock has a fifty day moving average of $599.86 and a 200-day moving average of $573.17. The firm has a market capitalization of $16.55 billion, a P/E ratio of 1,123.24 and a beta of 2.86. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company’s revenue was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts predict that SiTime Corporation will post 6.33 EPS for the current fiscal year.

Insider Activity at SiTime

In related news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the transaction, the director owned 10,999 shares in the company, valued at $8,194,255. The trade was a 8.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rajesh Vashist sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total transaction of $7,241,640.00. Following the completion of the transaction, the chief executive officer owned 345,544 shares of the company’s stock, valued at $208,525,437.68. This trade represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,550 shares of company stock valued at $9,093,418 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of SiTime during the 2nd quarter valued at about $48,000. Parallel Advisors LLC grew its position in shares of SiTime by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the period. Persistent Asset Partners Ltd bought a new stake in SiTime during the 2nd quarter worth approximately $57,000. Quantbot Technologies LP bought a new stake in SiTime during the 2nd quarter worth approximately $63,000. Finally, Allworth Financial LP acquired a new stake in SiTime during the 2nd quarter worth approximately $67,000. 84.31% of the stock is owned by institutional investors and hedge funds.

About SiTime

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

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

SiTime was founded in 2004 and is headquartered in Santa Clara, California.