SiTime (SITM) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SiTime in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SITM shares.
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7 analysts have issued twelve-month price objectives for SiTime's stock. Their SITM share price forecasts range from $110.00 to $160.00. On average, they expect the company's stock price to reach $141.43 in the next year. This suggests a possible upside of 32.3% from the stock's current price.
View analysts price targets for SITM or view top-rated stocks among Wall Street analysts.

SiTime's stock was trading at $101.62 at the beginning of 2023. Since then, SITM shares have increased by 5.2% and is now trading at $106.88.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SITM earnings forecast.

SiTime Co. (NASDAQ:SITM) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($1.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.99) by $0.18. The firm had revenue of $27.73 million for the quarter, compared to analyst estimates of $26.51 million. SiTime had a negative trailing twelve-month return on equity of 5.40% and a negative net margin of 19.08%.

ETFs with the largest weight of SiTime (NASDAQ:SITM) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco S&P SmallCap Information Technology ETF (PSCT), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), SPDR FactSet Innovative Technology ETF (XITK), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust S-Network Future Vehicles & Technology ETF (CARZ) and Franklin Intelligent Machines ETF (IQM).Syntax Stratified SmallCap ETF (SSLY).

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.

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).

(SITM) raised $60 million in an IPO on Thursday, November 21st 2019. The company issued 4,300,000 shares at $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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.57%), Franklin Resources Inc. (5.48%), State Street Corp (4.39%), Wasatch Advisors LP (4.07%), Capital World Investors (1.80%) and Geode Capital Management LLC (1.56%). Insiders that own company stock include Akira Takata, Arthur D Chadwick, Arthur D Chadwick, Christine Heckart, Corp /Fi 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.
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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.
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One share of SITM stock can currently be purchased for approximately $106.88.

SiTime (NASDAQ:SITM) has a market capitalization of $2.37 billion and generates $283.61 million in revenue each year. The company earns $23.25 million in net income (profit) each year or ($1.74) on an earnings per share basis.

The company employs 377 workers across the globe.

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.