SiTime (SITM) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SiTime in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SITM shares.
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6 Wall Street analysts have issued 12-month price targets for SiTime's shares. Their SITM share price targets range from $125.00 to $160.00. On average, they anticipate the company's stock price to reach $142.00 in the next year. This suggests a possible upside of 80.9% 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 35.7% and is now trading at $78.51.
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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) announced its quarterly earnings results on Tuesday, February, 13th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.53) by $0.01. The business had revenue of $42.40 million for the quarter, compared to the consensus estimate of $41.65 million. SiTime had a negative net margin of 55.93% and a negative trailing twelve-month return on equity of 10.21%.

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), Motley Fool Small-Cap Growth ETF (TMFS), Global X Autonomous & Electric Vehicles ETF (DRIV), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), iShares Future Cloud 5G and Tech ETF (IDAT) and First Trust S-Network Future Vehicles & Technology ETF (CARZ).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 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 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 number of retail and institutional investors. Top institutional investors include NBC Securities Inc. (0.02%). 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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