SiTime (NASDAQ:SITM) Downgraded by Wall Street Zen to Hold

SiTime (NASDAQ:SITM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently issued reports on SITM. UBS Group decreased their price objective on SiTime from $750.00 to $650.00 and set a “buy” rating for the company in a report on Thursday. Raymond James Financial upgraded shares of SiTime from an “outperform” rating to a “strong-buy” rating in a research note on Friday. Barclays initiated coverage on shares of SiTime in a research note on Friday. They issued a “buy” rating for the company. Needham & Company LLC initiated coverage on SiTime in a research note on Thursday. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Seaport Research Partners raised SiTime from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $687.00.

SiTime Trading Up 17.4%

Shares of SITM opened at $416.92 on Friday. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 213.21 and a beta of 2.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 18.50 and a current ratio of 19.44. The firm has a 50 day moving average price of $562.21 and a 200-day moving average price of $546.27. SiTime has a fifty-two week low of $243.68 and a fifty-two week high of $901.81.

Shares of SiTime are set to split before the market opens on Monday, December 7th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Sunday, December 6th.

SiTime (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, November 4th. The company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The company had revenue of $298.67 million during the quarter, compared to analysts’ expectations of $292.65 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s revenue was up 257.4% compared to the same quarter last year. As a group, equities research analysts forecast that SiTime will post 6.37 earnings per share for the current year.

Insider Transactions at SiTime

In other news, Director Katherine Schuelke sold 500 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total value of $349,025.00. Following the completion of the sale, the director directly owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward Frank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was 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 $8,194,255. The trade was a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,874 shares of company stock valued at $9,298,908 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in shares of 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. Hanseatic Management Services Inc. increased its holdings in shares of SiTime by 2.0% during the third quarter. Hanseatic Management Services Inc. now owns 1,378 shares of the company’s stock worth $898,000 after buying an additional 27 shares in the last quarter. Wedmont Private Capital boosted its holdings in SiTime by 4.5% in the second quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after acquiring an additional 28 shares in the last quarter. Allworth Financial LP grew its holdings in SiTime by 50.0% during the second quarter. Allworth Financial LP now owns 90 shares of the company’s stock valued at $67,000 after purchasing an additional 30 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of SiTime in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Key SiTime News

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Seaport Global upgraded SiTime to Buy from Neutral and set a $425 price target, helping lift sentiment after the stock’s post-earnings pullback. SiTime shares surge as Seaport upgrades to Buy
• Positive Sentiment: Third-quarter results beat expectations: SiTime reported adjusted EPS of $4.01 versus the cited $3.62 consensus and revenue of $298.67 million versus $292.65 million. Revenue rose 257.4% year over year, with AI infrastructure demand and the Renesas timing acquisition contributing to growth. SiTime Q3 earnings surpass estimates
• Positive Sentiment: Needham initiated coverage with a Buy rating and a $600 price target, adding another bullish analyst view. Needham analyst recommendations
• Positive Sentiment: Management highlighted AI-driven growth and expanding optical-networking opportunities, while reporting a 70.7% gross margin. Q3 call highlights AI demand and supply constraints
• Neutral Sentiment: UBS maintained its Buy rating but cut its price target to $650 from $750, tempering the analyst outlook even as the rating remained positive. UBS analyst recommendations
• Negative Sentiment: Wafer supply constraints are expected to persist through 2027, potentially limiting SiTime’s ability to meet demand and convert its growth opportunities into sales. Q3 call highlights AI demand and supply constraints

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) develops and supplies precision timing solutions for electronic systems. Its products are designed to generate, distribute and maintain accurate timing signals, which help connected devices and infrastructure operate reliably and efficiently.

The company’s portfolio includes silicon MEMS-based resonators and oscillators, clock generators, clock synchronizers, jitter attenuators and other timing components. These products are used in applications such as data centers, telecommunications and networking equipment, automotive systems, industrial machinery, aerospace and defense electronics, and consumer devices.

SiTime’s technology is intended to address demanding requirements for frequency stability, signal integrity, power efficiency and resilience in challenging operating environments.