SiTime (NASDAQ:SITM) Given New $650.00 Price Target at UBS Group

SiTime (NASDAQ:SITM) had its price objective decreased by UBS Group from $750.00 to $650.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also commented on SITM. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price objective on shares of SiTime in a research report on Thursday, August 6th. Seaport Research Partners upgraded shares of SiTime from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a report on Friday. Weiss Ratings downgraded shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Zacks Research lowered SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Rosenblatt Securities upped their price objective on SiTime from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $687.00.

SiTime Stock Down 12.0%

Shares of SITM opened at $355.00 on Thursday. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 377.66 and a beta of 2.88. 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 $565.87 and its 200-day simple moving average is $546.00. 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 (NASDAQ:SITM) last posted its 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 13.92% and a net margin of 3.87%. The firm had revenue of $298.67 million during the quarter, compared to the consensus estimate of $292.65 million. During the same period in the prior year, the company earned $0.87 EPS. The company’s quarterly revenue was up 257.4% compared to the same quarter last year. As a group, equities analysts expect that SiTime will post 6.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Rajesh Vashist sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $603.47, for a total value of $7,241,640.00. Following the completion of the sale, the chief executive officer owned 345,544 shares in the company, valued at approximately $208,525,437.68. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $963,242.70. Following the completion of the sale, the insider owned 66,861 shares of the company’s stock, valued at $46,872,904.05. This trade represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,874 shares of company stock worth $9,298,908. 1.40% of the stock is currently owned by insiders.

Institutional Trading of SiTime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITM. Root Financial Partners LLC purchased a new stake in shares of SiTime in the third quarter valued at approximately $25,000. Parallel Advisors LLC grew its stake in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares in the last quarter. USA Financial Formulas bought a new position in SiTime in the first quarter worth approximately $33,000. V Square Quantitative Management LLC purchased a new position in SiTime during the 3rd quarter worth $35,000. Finally, Optiver Holding B.V. increased its holdings in SiTime by 433.3% during the 1st quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock worth $44,000 after purchasing an additional 104 shares during the period. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime News Roundup

Here are the key news stories impacting SiTime this week:

• Positive Sentiment: Q3 results beat estimates. SiTime reported EPS of $4.01 versus the $3.62 consensus and revenue of $298.67 million, up 257.4% year over year. Results also included a 70.7% gross margin; growth was supported in part by the Renesas timing acquisition. Read More.
• Positive Sentiment: Management pointed to expanding demand. The earnings-call coverage cited AI infrastructure demand and opportunities in optical networking, alongside the integration of TPD, as drivers supporting the outlook. Read More.
• Positive Sentiment: Seaport Global upgraded SITM to Buy from Neutral and set a $425 price target. Rosenblatt Securities also reportedly raised its target. Read More.
• Neutral Sentiment: Analyst views are not uniformly more bullish: Needham cut its price target to $600 from $900 but maintained a Buy rating. This tempers the impact of the upgrades, though the firm remains positive on the shares. Read More.
• Negative Sentiment: Supply availability could limit growth. Earnings-call coverage says wafer constraints may persist through 2027, potentially restricting SiTime’s ability to meet demand. Read More.

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.