SiTime (NASDAQ:SITM) Stock Moved Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of SiTime (NASDAQ:SITM) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on SITM. Weiss Ratings lowered shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $900.00 target price on shares of SiTime in a report on Thursday, August 6th. Benchmark started coverage on shares of SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. Zacks Research raised shares of SiTime from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, UBS Group raised their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $717.78.

SiTime Stock Up 3.0%

SITM stock opened at $662.27 on Friday. 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 market capitalization of $19.91 billion, a PE ratio of 1,351.57 and a beta of 2.86. SiTime has a 1-year low of $243.68 and a 1-year high of $901.81. The business’s 50 day simple moving average is $601.87 and its 200 day simple moving average is $584.82.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business earned $0.47 EPS. The firm’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. As a group, research analysts anticipate that SiTime will post 6.37 EPS for the current year.

Insider Transactions at SiTime

In other news, Director Torsten Kreindl sold 1,050 shares of SiTime stock in a transaction on Friday, August 7th. The stock was sold at an average price of $721.67, for a total transaction of $757,753.50. Following the completion of the sale, the director owned 12,481 shares of the company’s stock, valued at approximately $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares of the company’s stock, valued at approximately $8,194,255. The trade was a 8.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,550 shares of company stock worth $9,093,418 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SITM. SkyView Investment Advisors LLC bought a new position in shares of SiTime during the second quarter worth approximately $261,000. Sequoia Financial Advisors LLC bought a new stake in shares of SiTime in the second quarter valued at approximately $262,000. Tidal Investments LLC boosted its stake in shares of SiTime by 231.3% in 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 period. Pinnacle Wealth Management Advisory Group LLC grew its position in SiTime by 8.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 919 shares of the company’s stock worth $685,000 after buying an additional 74 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in SiTime during the second quarter worth approximately $146,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

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.