SiTime (SITM) Stock Price, News & Analysis

6 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SITM shares.
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6 brokerages have issued 1 year price objectives for SiTime's stock. Their SITM share price targets range from $125.00 to $160.00. On average, they expect the company's share price to reach $142.00 in the next twelve months. This suggests a possible upside of 63.7% from the stock's current price.
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SiTime's stock was trading at $122.08 at the start of the year. Since then, SITM stock has decreased by 29.0% and is now trading at $86.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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SiTime will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

SiTime Co. (NASDAQ:SITM) posted its earnings results on Tuesday, February, 13th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.53) by $0.01. The firm earned $42.40 million during the quarter, compared to analyst estimates of $41.65 million. SiTime had a negative trailing twelve-month return on equity of 10.21% and a negative net margin of 55.93%.

ETFs with the largest weight of SiTime (NASDAQ:SITM) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), Invesco S&P SmallCap Information Technology ETF (PSCT) and iShares Future Cloud 5G and Tech ETF (IDAT).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).

SiTime (SITM) raised $60 million in an initial public offering 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.

SiTime's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.93%), Allspring Global Investments Holdings LLC (0.41%), Rice Hall James & Associates LLC (0.23%), NBC Securities Inc. (0.02%), New Mexico Educational Retirement Board (0.01%) and Equitable Trust Co. (0.01%). Insiders that own company stock include Akira Takata, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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