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NASDAQ:SITM

SiTime - SITM Stock Forecast, Price & News

$125.24
-5.69 (-4.35%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$122.04
$129.31
50-Day Range
$129.58
$217.22
52-Week Range
$122.04
$341.77
Volume
413,210 shs
Average Volume
255,237 shs
Market Capitalization
$2.67 billion
P/E Ratio
52.18
Dividend Yield
N/A
Price Target
$246.00

SiTime MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
96.4% Upside
$246.00 Price Target
Short Interest
Bearish
5.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of SiTime in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.44 M Sold Last Quarter
Proj. Earnings Growth
15.22%
From $1.38 to $1.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Computer And Technology Sector

131st out of 667 stocks

Semiconductors & Related Devices Industry

22nd out of 97 stocks

SITM stock logo

About SiTime (NASDAQ:SITM) Stock

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense. The company sells its timing products through distributors and resellers. SiTime Corporation was incorporated in 2003 and is headquartered in Santa Clara, California.

Analyst Ratings Changes

Several research firms have recently issued reports on SITM. Barclays decreased their price objective on SiTime from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, August 4th. Raymond James reduced their target price on SiTime from $320.00 to $240.00 and set an "outperform" rating on the stock in a report on Thursday, August 4th. Needham & Company LLC reduced their target price on SiTime from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. Finally, TheStreet cut SiTime from a "c-" rating to a "d" rating in a report on Wednesday, April 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SiTime has an average rating of "Buy" and an average target price of $246.00.

SiTime Stock Performance

Shares of NASDAQ:SITM traded down $5.69 during midday trading on Wednesday, reaching $125.24. 418,063 shares of the company's stock were exchanged, compared to its average volume of 255,237. SiTime has a 52-week low of $122.04 and a 52-week high of $341.77. The stock has a market capitalization of $2.67 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 6.49 and a beta of 1.61. The business's fifty day moving average price is $164.91 and its two-hundred day moving average price is $188.80.

Insider Buying and Selling

In related news, Director Akira Takata sold 2,000 shares of SiTime stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $135.62, for a total value of $271,240.00. Following the completion of the transaction, the director now directly owns 11,353 shares in the company, valued at $1,539,693.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lionel Bonnot sold 1,158 shares of the business's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $230.00, for a total transaction of $266,340.00. Following the completion of the transaction, the insider now directly owns 108,365 shares in the company, valued at $24,923,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Akira Takata sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $135.62, for a total value of $271,240.00. Following the transaction, the director now owns 11,353 shares of the company's stock, valued at $1,539,693.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,164 shares of company stock worth $3,088,078. Corporate insiders own 1.16% of the company's stock.

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SITM Stock News Headlines

Barclays Trims SiTime (NASDAQ:SITM) Target Price to $195.00
Why SiTime Shares Are Falling Today
SiTime: Q2 Earnings Snapshot - Greenwich Time
SiTime Reports Second Quarter 2022 Financial Results
Analysts Expect IUSG To Hit $114 - Nasdaq
See More Headlines
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SITM Company Calendar

Last Earnings
11/02/2021
Today
8/17/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SITM
Fax
N/A
Employees
279
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$246.00
High Stock Price Forecast
$325.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+96.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$32.28 million
Pretax Margin
18.36%

Debt

Sales & Book Value

Annual Sales
$218.81 million
Cash Flow
$1.95 per share
Book Value
$31.96 per share

Miscellaneous

Free Float
21,039,000
Market Cap
$2.67 billion
Optionable
Not Optionable
Beta
1.61














SITM Stock - Frequently Asked Questions

Should I buy or sell SiTime stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SiTime in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SITM shares.
View SITM analyst ratings
or view top-rated stocks.

What is SiTime's stock price forecast for 2022?

5 brokerages have issued twelve-month target prices for SiTime's shares. Their SITM share price forecasts range from $195.00 to $325.00. On average, they anticipate the company's stock price to reach $246.00 in the next year. This suggests a possible upside of 96.4% from the stock's current price.
View analysts price targets for SITM
or view top-rated stocks among Wall Street analysts.

How have SITM shares performed in 2022?

SiTime's stock was trading at $292.54 on January 1st, 2022. Since then, SITM stock has decreased by 57.2% and is now trading at $125.24.
View the best growth stocks for 2022 here
.

When is SiTime's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SITM earnings forecast
.

How were SiTime's earnings last quarter?

SiTime Co. (NASDAQ:SITM) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.28. The business had revenue of $63.03 million for the quarter, compared to the consensus estimate of $58 million. SiTime had a trailing twelve-month return on equity of 9.22% and a net margin of 18.31%. During the same period in the previous year, the company posted ($0.04) EPS.

What is Rajesh Vashist's approval rating as SiTime's CEO?

5 employees have rated SiTime Chief Executive Officer Rajesh Vashist on Glassdoor.com. Rajesh Vashist has an approval rating of 100% among the company's employees. This puts Rajesh Vashist in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SiTime own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SiTime investors own include NVIDIA (NVDA), Block (SQ), Micron Technology (MU), Advanced Micro Devices (AMD), Walt Disney (DIS), Alibaba Group (BABA), DocuSign (DOCU), Tesla (TSLA), Applied Materials (AMAT) and Salesforce (CRM).

When did SiTime IPO?

(SITM) raised $60 million in an initial public offering on Thursday, November 21st 2019. The company issued 4,300,000 shares at a price of $13.00-$15.00 per share. Barclays and Stifel acted as the underwriters for the IPO and Needham & Company, Raymond James and Roth Capital Partners were co-managers.

What is SiTime's stock symbol?

SiTime trades on the NASDAQ under the ticker symbol "SITM."

Who are SiTime's major shareholders?

SiTime's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (10.76%), Franklin Resources Inc. (6.94%), State Street Corp (2.92%), Trigran Investments Inc. (2.04%), Principal Financial Group Inc. (1.87%) and Macquarie Group Ltd. (1.67%). Insiders that own company stock include Akira Takata, Arthur D Chadwick, Arthur D Chadwick, Christine Heckart, Corp Megachips, Edward H Frank, Fariborz Assaderaghi, Katherine Schuelke, Lionel Bonnot, Piyush B Sevalia, Piyush B Sevalia, Rajesh Vashist, Raman Chitkara, Tom Dang-Hsing Yiu, Torsten Kreindl, Vincent P Pangrazio and Vincent P Pangrazio.
View institutional ownership trends
.

How do I buy shares of SiTime?

Shares of SITM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SiTime's stock price today?

One share of SITM stock can currently be purchased for approximately $125.24.

How much money does SiTime make?

SiTime (NASDAQ:SITM) has a market capitalization of $2.67 billion and generates $218.81 million in revenue each year. The company earns $32.28 million in net income (profit) each year or $2.40 on an earnings per share basis.

How many employees does SiTime have?

The company employs 279 workers across the globe.

How can I contact SiTime?

SiTime's mailing address is SITIME CORPORATION 5451 PATRICK HENRY DRIVE, SANTA CLARA CA, 95054. The official website for the company is www.sitime.com. The company can be reached via phone at 408-328-4400 or via email at investor.relations@sitime.com.

This page (NASDAQ:SITM) was last updated on 8/17/2022 by MarketBeat.com Staff

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