SiTime (NASDAQ:SITM) Stock Rating Lowered by Zacks Research

SiTime (NASDAQ:SITM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

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

SiTime Stock Performance

Shares of SITM opened at $711.06 on Monday. The firm has a market capitalization of $21.38 billion, a P/E ratio of 1,451.14 and a beta of 2.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50. SiTime has a one year low of $243.68 and a one year high of $901.81. The business has a fifty day moving average of $619.65 and a 200 day moving average of $603.21.

SiTime (NASDAQ:SITM) last announced its 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. The business had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The business’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, sell-side analysts anticipate that SiTime will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other news, insider Fariborz Assaderaghi sold 1,374 shares of the business’s 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 transaction, the insider directly owned 66,861 shares in the company, valued at $46,872,904.05. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the transaction, the director directly owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,924 shares of company stock worth $10,056,661 in the last three months. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiTime

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake in SiTime by 231.3% during the second quarter. Tidal Investments LLC now owns 7,762 shares of the company’s stock valued at $5,787,000 after buying an additional 5,419 shares during the last quarter. Tairen Capital Ltd purchased a new stake in shares of SiTime during the 2nd quarter worth approximately $9,320,000. Stephens Investment Management Group LLC purchased a new stake in shares of SiTime during the 1st quarter worth approximately $24,135,000. Rockefeller Capital Management L.P. boosted its position in shares of SiTime by 1,368.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock valued at $1,151,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of SiTime by 13.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after acquiring an additional 1,688 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other 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.