SiTime (NASDAQ:SITM) Cut to Hold at Wall Street Zen

SiTime (NASDAQ:SITM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on SITM. Morgan Stanley began coverage on shares of SiTime in a research note on Thursday, September 17th. They set an “overweight” rating and a $370.00 price target on the stock. Barclays assumed coverage on shares of SiTime in a research note on Friday. They issued a “buy” rating for the company. Benchmark initiated coverage on SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 target price for the company. Roth Capital assumed coverage on shares of SiTime in a research report on Friday. They set a “buy” rating for the company. Finally, Citigroup downgraded SiTime to a “neutral” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $687.00.

SiTime Trading Up 17.4%

Shares of SITM opened at $416.92 on Friday. The stock has a market cap of $12.54 billion, a PE ratio of 213.21 and a beta of 2.88. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81. The stock’s 50-day moving average is $562.21 and its two-hundred day moving average is $546.27. 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’s stock is going to split on the morning of Monday, December 7th. The 3-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Sunday, December 6th.

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

Insider Transactions at SiTime

In other news, Director Katherine Schuelke sold 500 shares of the firm’s stock in a transaction that occurred on 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 $8,383,580.50. This trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Frank sold 1,000 shares of the company’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 transaction, the director owned 10,999 shares in the company, valued at approximately $8,194,255. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,874 shares of company stock worth $9,298,908. 1.40% of the stock is owned by insiders.

Institutional Trading of SiTime

Several hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of SiTime in the 3rd quarter worth about $25,000. Parallel Advisors LLC increased its position 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 purchasing an additional 16 shares during the last quarter. USA Financial Formulas acquired a new position in SiTime during the first quarter worth approximately $33,000. V Square Quantitative Management LLC acquired a new stake in SiTime in the 3rd quarter valued at about $35,000. Finally, Optiver Holding B.V. raised its position in SiTime by 433.3% in the first quarter. Optiver Holding B.V. now owns 128 shares of the company’s stock valued at $44,000 after purchasing an additional 104 shares during the period. 84.31% of the stock is currently owned by institutional investors.

More 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

About SiTime

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.