Fintel reports that on July 20, 2023, Stifel maintained coverage of SiTime (NASDAQ:SITM) with a Buy recommendation.
Analyst Price Forecast Suggests 3.07% Downside
As of July 6, 2023, the average one-year price target for SiTime is 119.60. The forecasts range from a low of 88.88 to a high of $136.50. The average price target represents a decrease of 3.07% from its latest reported closing price of 123.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SiTime is 244MM, a decrease of 2.97%. The projected annual non-GAAP EPS is 1.97.
What is the Fund Sentiment?
There are 553 funds or institutions reporting positions in SiTime. This is an increase of 17 owner(s) or 3.17% in the last quarter. Average portfolio weight of all funds dedicated to SITM is 0.22%, a decrease of 15.85%. Total shares owned by institutions increased in the last three months by 3.98% to 21,248K shares. 
The put/call ratio of SITM is 1.00, indicating a bullish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 1,167K shares representing 5.32% ownership of the company. In it's prior filing, the firm reported owning 1,172K shares, representing a decrease of 0.46%. The firm increased its portfolio allocation in SITM by 34.50% over the last quarter.
Trigran Investments holds 749K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 761K shares, representing a decrease of 1.66%. The firm decreased its portfolio allocation in SITM by 48.51% over the last quarter.
Capital World Investors holds 588K shares representing 2.68% ownership of the company. No change in the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 588K shares representing 2.68% ownership of the company. No change in the last quarter.
Wasatch Advisors holds 552K shares representing 2.51% ownership of the company. In it's prior filing, the firm reported owning 558K shares, representing a decrease of 1.08%. The firm increased its portfolio allocation in SITM by 28.07% over the last quarter.
SiTime Background Information
(This description is provided by the company.)
SiTime Corporation is a market leader in silicon MEMS timing. Its programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With over 2 billion devices shipped, SiTime is changing the timing industry.
Additional reading:
- SiTime Corporation Independent Director Compensation Policy
- SiTime Reports First Quarter 2023 Financial Results
- October 11, 2022
- SiTime Corporation 2022 Amended and Restated Inducement Award Plan and Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 10.30 to the Corporation’s Annual Report on Form 10-K filed February 27, 2023 (File no.001-39135).
- Subsidiaries of the Company
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
