SiTime (NASDAQ:SITM) Stock Rating Cut to “Hold” at Wall Street Zen

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

Other research analysts have also recently issued research reports about the company. Seaport Research Partners upgraded SiTime from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Friday. Needham & Company LLC began coverage on SiTime in a research note on Thursday. They set a “buy” rating and a $600.00 price objective for the company. Benchmark began coverage on shares of SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 target price for the company. Roth Capital began coverage on SiTime in a report on Friday. They issued a “buy” rating for the company. Finally, Rosenblatt Securities increased their price objective on shares of SiTime from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $687.00.

SiTime Stock Performance

SiTime stock opened at $416.92 on Friday. SiTime has a 12-month low of $243.68 and a 12-month high of $901.81. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 443.53 and a beta of 2.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.56 and a quick ratio of 18.50. The firm’s fifty day moving average price is $562.21 and its 200 day moving average price is $546.27.

SiTime’s stock is going to split on Monday, December 7th. The 3-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Sunday, December 6th.

SiTime (NASDAQ:SITM) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.39. The company had revenue of $298.67 million during the quarter, compared to analysts’ expectations of $292.65 million. SiTime had a net margin of 3.87% and a return on equity of 9.07%. The firm’s revenue for the quarter was up 257.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. On average, research analysts forecast that SiTime will post 6.37 EPS for the current fiscal year.

Insider Buying and Selling at SiTime

In other news, Director Katherine Schuelke sold 500 shares of SiTime stock in a transaction that occurred 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 transaction, the director owned 12,010 shares of the company’s stock, valued at $8,383,580.50. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $7,241,640.00. Following the completion of the transaction, the chief executive officer directly owned 345,544 shares in the company, valued at $208,525,437.68. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 14,874 shares of company stock worth $9,298,908. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 16 shares during the period. Hanseatic Management Services Inc. lifted its stake in 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 purchasing an additional 27 shares during the period. Wedmont Private Capital lifted its stake in SiTime by 4.5% during the second quarter. Wedmont Private Capital now owns 650 shares of the company’s stock worth $485,000 after purchasing an additional 28 shares during the period. Allworth Financial LP lifted its stake in SiTime by 50.0% during the second quarter. Allworth Financial LP now owns 90 shares of the company’s stock worth $67,000 after purchasing an additional 30 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in SiTime during the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Trending Headlines about SiTime

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 develops silicon-based timing solutions using microelectromechanical systems (MEMS) technology. Its products include MEMS resonators, oscillators and clock generators, which provide timing signals used to synchronize electronic systems.

The company’s components serve applications across communications, data centers, automotive, industrial, aerospace and defense, and consumer electronics. SiTime sells its products to customers and partners worldwide.

Founded in 2005, SiTime became part of Japan’s MegaChips in 2014 and later became a publicly traded company.