SiTime (NASDAQ:SITM) Stock Price Down 8.1% – Here’s What Happened

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

Analyst Ratings Changes

SITM has been the subject of a number of research reports. Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Needham & Company LLC raised their price objective on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group increased their price target on shares of SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Benchmark started coverage on shares of SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $761.25.

SiTime Price Performance

The firm has a market cap of $17.02 billion, a P/E ratio of 1,156.52 and a beta of 2.86. The business has a fifty day moving average of $601.84 and a 200 day moving average of $571.16. 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 earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current year.

Insider Activity at SiTime

In other news, Director Katherine Schuelke sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the completion of the sale, the director owned 12,010 shares in the company, valued at approximately $8,383,580.50. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the sale, the director directly owned 12,481 shares of the company’s stock, valued at $9,007,163.27. The trade was a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,550 shares of company stock valued at $9,093,418. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On SiTime

Several hedge funds have recently bought and sold shares of SITM. Global Retirement Partners LLC bought a new stake in shares of SiTime during the second quarter worth approximately $48,000. Parallel Advisors LLC lifted 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 purchasing an additional 16 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in SiTime in the 2nd quarter valued at $57,000. Quantbot Technologies LP acquired a new position in SiTime in the 2nd quarter valued at $63,000. Finally, Allworth Financial LP acquired a new position in SiTime in the 2nd quarter valued at $67,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Company Profile

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.