SiTime (NASDAQ:SITM) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded SiTime from “Strong Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with a $717.78 price target.
• SiTime reported quarterly earnings of $2.34 per share, exceeding the $1.95 estimate, while revenue rose 126.5% year over year to $157.43 million.
• The stock opened at $711.06, with a market capitalization of $21.38 billion; institutional investors own 84.31% of the company, while insiders sold about $10.1 million in shares over the past 90 days.

SiTime (NASDAQ:SITM - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Several other equities analysts have also recently weighed in on SITM. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings cut SiTime from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, September 22nd. UBS Group raised their target price on shares of SiTime from $775.00 to $840.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Morgan Stanley assumed coverage on shares of SiTime in a research note on Thursday, September 17th. They issued an "overweight" rating and a $370.00 price target on the stock. Finally, Wall Street Zen cut shares of SiTime from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $717.78.

SiTime Price Performance

SITM opened at $711.06 on Monday. The stock has a market cap of $21.38 billion, a P/E ratio of 1,451.14 and a beta of 2.88. SiTime has a 12 month low of $243.68 and a 12 month high of $901.81. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $619.65 and a 200 day simple moving average of $603.21.

SiTime (NASDAQ:SITM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. SiTime had a return on equity of 4.99% and a net margin of 3.01%.The firm had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 126.5% on a year-over-year basis. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, research analysts expect that SiTime will post 6.37 EPS for the current year.

Insider Activity at SiTime

In related news, insider Fariborz Assaderaghi sold 1,374 shares of the 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 transaction, the insider directly owned 66,861 shares in the company, valued at approximately $46,872,904.05. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the sale, the director directly owned 12,010 shares in the company, valued at approximately $8,383,580.50. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,924 shares of company stock valued at $10,056,661 over the last ninety days. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in SiTime in the 2nd quarter valued at $1,781,937,000. Bank of New York Mellon Corp boosted its stake in shares of SiTime by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 372,943 shares of the company's stock worth $128,796,000 after buying an additional 18,983 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of SiTime by 13.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 249,714 shares of the company's stock valued at $88,196,000 after acquiring an additional 30,464 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of SiTime in the second quarter valued at about $52,341,000. Finally, Bank of America Corp DE increased its position in shares of SiTime by 53.7% in the first quarter. Bank of America Corp DE now owns 151,021 shares of the company's stock valued at $52,155,000 after acquiring an additional 52,754 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

About SiTime

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.

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