NASDAQ:SITM

SiTime (SITM) Stock Forecast, Price & News

$106.06

+0.52 (+0.49%)

(As of 09/26/2023 ET)

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Today's Range: $104.45
▼
$106.83
50-Day Range: $105.54
▼
$139.15
52-Week Range: $73.10
▼
$142.88

Volume: 146,832 shs
Average Volume: 164,360 shs
Market Capitalization: $2.36 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $141.43

SiTime MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 33.3% Upside
$141.43 Price Target
Short Interest: Healthy
7.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.89
Based on 4 Articles This Week
Insider Trading: Selling Shares
$4.51 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($3.12) to ($1.42) Per Share

Overall MarketRank^™

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

2.29 out of 5 stars

Computer And Technology Sector

335th out of 587 stocks

Semiconductors & Related Devices Industry

55th out of 86 stocks

3.4

Analyst's Opinion

Consensus Rating
SiTime has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $141.43, SiTime has a forecasted upside of 33.3% from its current price of $106.06.
Amount of Analyst Coverage
SiTime has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
7.75% of the float of SiTime has been sold short.
Short Interest Ratio / Days to Cover
SiTime has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in SiTime has recently decreased by 11.72%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
SiTime does not currently pay a dividend.
Dividend Growth
SiTime does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SITM.

3.8

News and Social Media Coverage

News Sentiment
SiTime has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for SiTime this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for SITM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added SiTime to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SiTime insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,511,859.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of SiTime is held by insiders.
Percentage Held by Institutions
84.31% of the stock of SiTime is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SiTime are expected to grow in the coming year, from ($3.12) to ($1.42) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SiTime is -60.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SiTime is -60.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SiTime has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

SITM Price History

30 days | 90 days | 365 days | Advanced Chart

SITM Stock News Headlines

September 26, 2023 | americanbankingnews.com

Navitas Semiconductor (NASDAQ:NVTS) & SiTime (NASDAQ:SITM) Head to Head Review

September 23, 2023 | americanbankingnews.com

SiTime (NASDAQ:SITM) versus Navitas Semiconductor (NASDAQ:NVTS) Financial Contrast

September 27, 2023 | Edge On The Street (Ad)

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September 19, 2023 | msn.com

SiTime shrinks a chip for 5G and defense work with new tech

September 13, 2023 | forbes.com

Lawsuits Weigh On Stocks As Elon Plans To Sue ADL And Burger King Defends It’s Small Whoppers - Forbes AI Newsletter September 9th

August 14, 2023 | finance.yahoo.com

What Makes SiTime Corporation (SITM) an Attractive Investment?

August 3, 2023 | markets.businessinsider.com

Expert Ratings for SiTime

August 3, 2023 | washingtonpost.com

SiTime: Q2 Earnings Snapshot

September 27, 2023 | Wall Street Fundamentals (Ad)

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August 3, 2023 | finance.yahoo.com

SiTime Reports Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

SiTime (SITM) Q2 2023 Earnings Call Transcript

August 2, 2023 | msn.com

S&P Futures Plunge as Surprise U.S. Credit Rating Downgrade Weighs on Sentiment

July 21, 2023 | seekingalpha.com

SiTime: Struggles Persist, And A Hold Is Recommended

July 14, 2023 | theglobeandmail.com

Stock Index Futures Move Higher as Investors Await Fed Rate Decision, Bank and Debt Fears Return

July 6, 2023 | finance.yahoo.com

SiTime Corporation to Announce Second Quarter 2023 Financial Results on August 2, 2023

May 31, 2023 | finance.yahoo.com

SiTime to Present at the Stifel 2023 Cross Sector Insight Conference

May 26, 2023 | finance.yahoo.com

SiTime Corporation's (NASDAQ:SITM) Intrinsic Value Is Potentially 49% Above Its Share Price

May 25, 2023 | morningstar.com

SiTime Corp Ordinary Shares

May 16, 2023 | finance.yahoo.com

What Makes SiTime Corporation (SITM) an Attractive Investment Bet?

May 6, 2023 | finance.yahoo.com

News Flash: 4 Analysts Think SiTime Corporation (NASDAQ:SITM) Earnings Are Under Threat

May 4, 2023 | finance.yahoo.com

SiTime (SITM) Q1 2023 Earnings Call Transcript

May 3, 2023 | finance.yahoo.com

SiTime Reports First Quarter 2023 Financial Results

April 25, 2023 | seekingalpha.com

SiTime: A High-Growth Technology Story In The Time Space

April 20, 2023 | finance.yahoo.com

SiTime Enables Higher Safety with Precision Timing for In-Car Connectivity

April 16, 2023 | finance.yahoo.com

SiTime Corporation (SITM) Stock Historical Prices & Data - Yahoo Finance

April 12, 2023 | finance.yahoo.com

SiTime Delivers Precision Timing Solution for Industry Leading Low Power FPGAs from Lattice Semiconductor

April 4, 2023 | finance.yahoo.com

Should You Invest in SiTime Corporation (SITM)?

See More Headlines

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SITM Company Calendar

Last Earnings: 8/02/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:SITM
CUSIP: N/A
CIK: 1451809
Web: www.sitime.com
Phone: 408-328-4400
Fax: N/A
Employees: 377
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $141.43
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $110.00
Forecasted Upside/Downside: +33.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.74)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $23.25 million
Net Margins: -19.08%
Pretax Margin: -19.05%
Return on Equity: -5.40%
Return on Assets: -5.12%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 21.76
Quick Ratio: 19.65

Sales & Book Value

Annual Sales: $283.61 million
Price / Sales: 8.31
Cash Flow: $1.62 per share
Price / Cash Flow: 65.29
Book Value: $33.05 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 22,210,000
Free Float: 21,855,000
Market Cap: $2.36 billion
Optionable: Not Optionable
Beta: 1.86

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Key Executives

Mr. Rajesh Vashist (Age 65)
Chairman, Pres & CEO
Comp: $1.48M

Mr. Arthur D. Chadwick (Age 66)
Exec. VP & CFO
Comp: $478.42k

Dr. Fariborz Assaderaghi Ph.D. (Age 60)
Exec. VP of Technology & Engineering
Comp: $521.14k

Mr. Piyush B. Sevalia (Age 55)
Exec. VP of Marketing
Comp: $521.21k

Mr. Lionel Bonnot (Age 56)
Exec. VP of Worldwide Sales & Bus. Devel.
Comp: $545.42k

Dr. Aaron Partridge
Co-Founder

Mr. Markus Lutz
Co-Founder

Mr. Atul P. Shingal (Age 62)
Exec. VP of Operations

Mr. Vincent P. Pangrazio J.D. (Age 59)
Exec. VP, Chief Legal Officer & Corp. Sec.

Mr. David Sweet
Partner

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SITM Stock - Frequently Asked Questions

Should I buy or sell SiTime stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SiTime in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SITM shares.
View SITM analyst ratings or view top-rated stocks.
What is SiTime's stock price forecast for 2023?: 7 brokers have issued twelve-month price targets for SiTime's shares. Their SITM share price forecasts range from $110.00 to $160.00. On average, they anticipate the company's share price to reach $141.43 in the next twelve months. This suggests a possible upside of 33.3% 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 2023?: SiTime's stock was trading at $101.62 at the beginning of the year. Since then, SITM stock has increased by 4.4% and is now trading at $106.06.
View the best growth stocks for 2023 here.
When is SiTime's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SITM earnings forecast.
How were SiTime's earnings last quarter?: SiTime Co. (NASDAQ:SITM) released its earnings results on Wednesday, August, 2nd. The company reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($0.99) by $0.18. The company had revenue of $27.73 million for the quarter, compared to analysts' expectations 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%.
What ETFs hold SiTime's stock?: 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).
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 (IPO) on Thursday, November 21st 2019. The company issued 4,300,000 shares at $13.00-$15.00 per share. Barclays and Stifel served 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 variety of institutional and retail 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.
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 $106.06.
How much money does SiTime make?: SiTime (NASDAQ:SITM) has a market capitalization of $2.36 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.
How many employees does SiTime have?: The company employs 377 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 9/27/2023 by MarketBeat.com Staff

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