SiTime (NASDAQ:SITM) Shares Gap Down – Time to Sell?

SiTime Corporation (NASDAQ:SITM) gapped down prior to trading on Monday. The stock had previously closed at $612.37, but opened at $591.00. SiTime shares last traded at $572.2580, with a volume of 40,439 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SITM shares. Needham & Company LLC upped their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Weiss Ratings raised SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley began coverage on shares of SiTime in a research report on Thursday, September 17th. They set an “overweight” rating and a $370.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SiTime has an average rating of “Moderate Buy” and an average target price of $717.78.

SiTime Price Performance

The stock has a market cap of $17.43 billion, a PE ratio of 290.85 and a beta of 2.88. The firm’s 50-day moving average price is $627.92 and its two-hundred day moving average price is $612.61. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $146.46 million. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, equities analysts expect that SiTime Corporation will post 6.37 earnings per share for the current fiscal year.

Insider Activity at SiTime

In other news, insider Fariborz Assaderaghi sold 1,374 shares of the firm’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 completion of the transaction, the insider directly owned 66,861 shares in the company, valued at $46,872,904.05. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the sale, the director owned 12,010 shares of the company’s stock, valued at approximately $8,383,580.50. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,924 shares of company stock worth $10,056,661 in the last 90 days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On SiTime

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

SiTime Company Profile

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.