UBS Group Has Lowered Expectations for SiTime (NASDAQ:SITM) Stock Price

SiTime (NASDAQ:SITM) had its price target cut by analysts at UBS Group from $750.00 to $650.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s target price indicates a potential upside of 55.91% from the company’s previous close.

A number of other research firms also recently commented on SITM. Rosenblatt Securities increased their price objective on SiTime from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC initiated coverage on SiTime in a research report on Thursday. They issued a “buy” rating and a $600.00 price target for the company. Weiss Ratings lowered SiTime from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Benchmark assumed coverage on SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective on the stock. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SiTime has an average rating of “Moderate Buy” and a consensus target price of $687.00.

SiTime Stock Up 17.4%

Shares of NASDAQ SITM traded up $61.92 during mid-day trading on Thursday, reaching $416.92. The company had a trading volume of 1,645,227 shares, compared to its average volume of 530,708. 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 has a twelve month low of $243.68 and a twelve month high of $901.81. The stock’s 50 day moving average is $562.21 and its 200-day moving average is $546.27. The stock has a market capitalization of $12.54 billion, a PE ratio of 443.53 and a beta of 2.88.

Shares of SiTime are scheduled to split on the morning of Monday, December 7th. The 3-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Sunday, December 6th.

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

Insider Activity

In other news, insider Fariborz Assaderaghi sold 1,374 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $701.05, for a total value of $963,242.70. Following the sale, the insider directly owned 66,861 shares of the company’s stock, valued at approximately $46,872,904.05. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 12,000 shares of SiTime stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 345,544 shares in the company, valued at $208,525,437.68. The trade was a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,874 shares of company stock worth $9,298,908. Insiders own 1.40% of the company’s stock.

Institutional Trading of SiTime

Several hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in shares of SiTime during the third quarter worth approximately $25,000. Parallel Advisors LLC grew its stake in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the last quarter. USA Financial Formulas bought a new position in SiTime during the first quarter worth $33,000. V Square Quantitative Management LLC bought a new position in SiTime during the third quarter worth $35,000. Finally, Optiver Holding B.V. raised its stake in SiTime by 433.3% during the 1st 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 last quarter. Institutional investors own 84.31% of the company’s stock.

SiTime News Roundup

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.