Sitime Stock Forecast, Price & News

Sitime's stock was trading at $19.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SITM stock has increased by 306.0% and is now trading at $78.27.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sitime in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Sitime is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Sitime.

Sitime Corp (NASDAQ:SITM) issued its quarterly earnings results on Wednesday, August, 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.15. The company earned $21.47 million during the quarter, compared to the consensus estimate of $19.61 million.
View Sitime's earnings history.

Sitime updated its third quarter 2020 After-Hours earnings guidance on Monday, August, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $31-32 million, compared to the consensus revenue estimate of $28.53 million.

7 analysts have issued 12 month price objectives for Sitime's shares. Their forecasts range from $6.00 to $80.00. On average, they anticipate Sitime's stock price to reach $64.67 in the next year. This suggests that the stock has a possible downside of 17.4%.
View analysts' price targets for Sitime.

Some companies that are related to Sitime include Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Cabot Microelectronics (CCMP), Lattice Semiconductor (LSCC), Cirrus Logic (CRUS), AU Optronics (AUO), AU Optronics (AUOTY), BE Semiconductor Industrs (BESIY), Semtech (SMTC), Dialog Semiconductor (DLGNF), Power Integrations (POWI), Acacia Communications (ACIA), Synaptics (SYNA), Viavi Solutions (VIAV) and Diodes (DIOD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sitime investors own include Micron Technology (MU), Square (SQ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Applied Materials (AMAT), Walt Disney (DIS), Alibaba Group (BABA), Docusign (DOCU), Editas Medicine (EDIT) and Tesla (TSLA).

(SITM) raised $60 million in an IPO 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.

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

Sitime's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (9.64%), Driehaus Capital Management LLC (4.51%), Principal Financial Group Inc. (2.85%), Principal Financial Group Inc. (2.85%), William Blair Investment Management LLC (2.40%) and Gilder Gagnon Howe & Co. LLC (1.26%). Company insiders that own Sitime stock include Akira Takata, Arthur D Chadwick, Corp Megachips, Lionel Bonnot, Piyush B Sevalia and Rajesh Vashist.
View institutional ownership trends for Sitime.

SITM stock was sold by a variety of institutional investors in the last quarter, including EAM Investors LLC, Wasatch Advisors Inc., Mutual of America Capital Management LLC, PNC Financial Services Group Inc., PNC Financial Services Group Inc., UBS Group AG, Two Sigma Advisers LP, and Bank of America Corp DE. Company insiders that have sold Sitime company stock in the last year include Akira Takata, Arthur D Chadwick, Corp Megachips, Lionel Bonnot, Piyush B Sevalia, and Rajesh Vashist.
View insider buying and selling activity for Sitime.

SITM stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Driehaus Capital Management LLC, Schonfeld Strategic Advisors LLC, Gilder Gagnon Howe & Co. LLC, Principal Financial Group Inc., Principal Financial Group Inc., William Blair Investment Management LLC, and Frontier Capital Management Co. LLC. Company insiders that have bought Sitime stock in the last two years include Arthur D Chadwick, and Rajesh Vashist.
View insider buying and selling activity for Sitime.

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

One share of SITM stock can currently be purchased for approximately $78.27.

Sitime has a market capitalization of $1.30 billion and generates $84.07 million in revenue each year.

The official website for Sitime is www.sitime.com.

Sitime's mailing address is SITIME CORPORATION 5451 PATRICK HENRY DRIVE, SANTA CLARA CA, 95054. The company can be reached via phone at 408-328-4400 or via email at [email protected]