SiTime (NASDAQ:SITM) Stock Price Down 8.5% – Here’s Why

SiTime Corporation (NASDAQ:SITM)’s stock price fell 8.5% during mid-day trading on Thursday. The company traded as low as $472.38 and last traded at $480.1010. 298,652 shares were traded during trading, a decline of 36% from the average daily volume of 470,046 shares. The stock had previously closed at $524.93.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SITM. Weiss Ratings upgraded SiTime from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of SiTime from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Benchmark began coverage on shares of SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price target on the stock. UBS Group increased their price target on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Seaport Research Partners assumed coverage on SiTime in a report on Tuesday, September 22nd. They set a “neutral” rating for the company. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $717.78.

SiTime Trading Down 7.9%

The company has a 50 day moving average of $627.56 and a two-hundred day moving average of $613.95. The stock has a market capitalization of $14.54 billion, a PE ratio of 987.30 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.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a return on equity of 4.99% and a net margin of 3.01%. The firm’s revenue was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Sell-side analysts predict that SiTime Corporation will post 6.37 EPS for the current year.

Insider Activity

In other SiTime news, Director Edward Frank sold 1,000 shares of the business’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 in the company, valued at approximately $8,194,255. The trade was a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajesh Vashist sold 12,000 shares of SiTime stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $603.47, for a total value of $7,241,640.00. Following the transaction, the chief executive officer owned 345,544 shares in the company, valued at approximately $208,525,437.68. The trade was a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,924 shares of company stock worth $10,056,661. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC increased its position in shares of SiTime by 231.3% during the second quarter. Tidal Investments LLC now owns 7,762 shares of the company’s stock worth $5,787,000 after acquiring an additional 5,419 shares during the period. Tairen Capital Ltd acquired a new position in shares of SiTime during the second quarter worth about $9,320,000. Stephens Investment Management Group LLC purchased a new position in SiTime in the first quarter worth approximately $24,135,000. Rockefeller Capital Management L.P. grew its stake in shares of SiTime by 1,368.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,259 shares of the company’s stock worth $1,151,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in SiTime by 13.2% in the first quarter. Janus Henderson Group PLC now owns 14,448 shares of the company’s stock valued at $4,994,000 after buying an additional 1,688 shares during the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

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.