SiTime (SITM) Stock Price, News & Analysis

Company Overview

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense. The company sells its products directly to customers, distributors, and resellers. SiTime Corporation was incorporated in 2003 and is based in Santa Clara, California.

Key Stats

• Today's Range: $210.91 to $218.06
• 50-Day Range: $169.01 to $261.03
• 52-Week Range: $72.39 to $268.18
• Volume: 673,620 shs
• Average Volume: 208,933 shs
• Market Capitalization: $5.06 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $196.25
• Consensus Rating: Moderate Buy

SiTime Stock Analysis - MarketRank™

SiTime scored higher than 19% of companies evaluated by MarketBeat, and ranked 599th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SiTime has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

SiTime has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SiTime are expected to grow in the coming year, from ($2.98) to ($1.51) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SiTime is -52.33, 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 -52.33, 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 6.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.06% 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 8.

Change versus previous month

Short interest in SiTime has recently decreased by 4.55%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SiTime does not currently pay a dividend.

Dividend Growth

SiTime does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.06% 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 8.

Change versus previous month

Short interest in SiTime has recently decreased by 4.55%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.81

News Sentiment

SiTime has a news sentiment score of 0.81. 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 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for SiTime this week, compared to 5 articles on an average week.

Search Interest

Only 5 people have searched for SITM on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

2 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $7,202,728.00 in company stock.

Percentage Held by Insiders

Only 2.30% 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.

SITM Stock Analysis - Frequently Asked Questions

How have SITM shares performed this year?

SiTime's stock was trading at $122.08 at the beginning of the year. Since then, SITM stock has increased by 77.5% and is now trading at $216.65.
View the best growth stocks for 2024 here.

How were SiTime's earnings last quarter?

SiTime Co. (NASDAQ:SITM) announced its quarterly earnings data on Wednesday, November, 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The firm's revenue for the quarter was up 62.4% compared to the same quarter last year.

When did SiTime IPO?

SiTime (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 served as the underwriters for the IPO and Needham & Company, Raymond James and Roth Capital Partners were co-managers.

Who are SiTime's major shareholders?

SiTime's top institutional shareholders include FMR LLC (14.85%), Franklin Resources Inc. (4.78%), State Street Corp (3.95%) and Wasatch Advisors LP (2.43%). Insiders that own company stock include Corp /Fi Megachips, Fariborz Assaderaghi, Lionel Bonnot, Piyush B Sevalia, Samsheer Ahamad, Vincent P Pangrazio, Arthur D Chadwick, Rajesh Vashist, Raman Chitkara, Tom Dang-Hsing Yiu, Katherine Schuelke, Torsten Kreindl, Akira Takata and Edward H Frank.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SiTime own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SiTime investors own include NVIDIA (NVDA), CrowdStrike (CRWD), Datadog (DDOG), Cloudflare (NET), Splunk (SPLK), MongoDB (MDB) and Endava (DAVA).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SITM
• CUSIP: N/A
• CIK: 1451809
• Web: www.sitime.com
• Phone: 408-328-4400
• Fax: N/A
• Employees: 380
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $196.25
• High Stock Price Target: $230.00
• Low Stock Price Target: $130.00
• Potential Upside/Downside: -9.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-80,540,000.00
• Net Margins: -53.55%
• Pretax Margin: -53.49%
• Return on Equity: -9.89%
• Return on Assets: -7.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.75
• Quick Ratio: 4.99

Sales & Book Value

• Annual Sales: $176.99 million
• Price / Sales: 28.60
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $31.47 per share
• Price / Book: 6.88

Miscellaneous

• Outstanding Shares: 23,362,000
• Free Float: 22,825,000
• Market Cap: $5.06 billion
• Optionable: Optionable
• Beta: 1.86