SiTime (NASDAQ:SITM) Shares Down 4.8% – What’s Next?

Shares of SiTime Corporation (NASDAQ:SITM) fell 4.8% on Friday. The stock traded as low as $612.81 and last traded at $614.0570. 61,942 shares changed hands during trading, a decline of 87% from the average daily volume of 468,624 shares. The stock had previously closed at $645.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SITM. The Goldman Sachs Group reiterated a “buy” rating and set a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. Morgan Stanley began coverage on shares of SiTime in a research report on Thursday, September 17th. They set an “overweight” rating and a $370.00 target price for the company. Weiss Ratings downgraded shares of SiTime from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Needham & Company LLC lifted their price objective on SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, SiTime currently has a consensus rating of “Moderate Buy” and an average target price of $717.78.

SiTime Trading Down 6.4%

The company’s 50-day moving average is $626.05 and its 200 day moving average is $607.63. The firm has a market cap of $18.17 billion, a PE ratio of 1,238.44 and a beta of 2.88. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The firm 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 company’s revenue was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, sell-side analysts predict that SiTime Corporation will post 6.37 EPS for the current year.

Insider Buying and Selling

In other news, Director Katherine Schuelke sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Fariborz Assaderaghi sold 1,374 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $701.05, for a total value of $963,242.70. Following the completion of the sale, the insider directly owned 66,861 shares in the company, valued at approximately $46,872,904.05. This 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 90 days, insiders sold 15,924 shares of company stock valued at $10,056,661. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On SiTime

A number of institutional investors and hedge funds have recently bought and sold shares of SITM. BlackRock Inc. bought a new position in shares of SiTime in the 2nd quarter worth about $1,781,937,000. Bank of New York Mellon Corp bought a new stake in shares of SiTime in the second quarter worth about $123,264,000. Summit Partners Public Asset Management LLC boosted its holdings in SiTime by 4,231.9% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 123,958 shares of the company’s stock valued at $43,781,000 after acquiring an additional 126,958 shares during the period. Styrax Capital LP purchased a new position in SiTime during the 4th quarter valued at about $31,825,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in SiTime by 865.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 79,178 shares of the company’s stock valued at $27,344,000 after buying an additional 70,974 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

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.