SiTime Stock Skyrockets 30% After Analyst Upgrade
SiTime Stock Skyrockets 30% After Analyst Upgrade
SiTime Corp (NASDAQ:SITM) shares are trading higher after Needham analyst Quinn Bolton upgraded the stock rating from Hold to Buy with a $130 price target.
在尼德姆分析师奎因·博尔顿将股票评级从持有上调至买入后，SiTime Corp（纳斯达克股票代码：SITM）股价走高，目标股价为130美元。
SiTime posted revenue of $33.0 million, down 13.9% year over year, but above Bolton's estimate and the Street's $32 million estimate, due to downward trends in customer inventories that resulted in a pickup in order activity. Only the Communication, Enterprise and Data Center (CED) segment grew sequentially, while most weakness came from IoT, Consumer and Mobile, he noted.
SiTime公布的收入为3,300万美元，同比下降13.9％，但高于博尔顿的估计和华尔街的3200万美元预期，这是由于客户库存的下降趋势导致订单活动回升。他指出，只有通信、企业和数据中心（CED）板块连续增长，而大多数疲软来自物联网、消费品和移动。
Adjusted gross margin was 57.9%, above both Bolton's and the Street's estimates of 57.5%. Margins were negatively impacted by lower unit volumes, but this was partially offset by a favorable mix and cost reductions. Adjusted EPS was negative 8 cents, better than Bolton's estimate and the Street's forecast of negative 15 cents. The beat was driven by high-end revenue and gross margins, along with improved interest income.
调整后的毛利率为57.9％，高于博尔顿和华尔街估计的57.5％。单位销量减少对利润率产生了负面影响，但有利的组合和成本的降低部分抵消了这一点。调整后的每股收益为负8美分，好于博尔顿的估计和华尔街预测的负15美分。这一增长是由高端收入和毛利率以及利息收入的改善推动的。
The company guided second-quarter revenue to $41.0 million, well above Bolton's estimate of $36.0 million and the Street's $36.5 million estimate. Growth is expected to come from all segments.
该公司预计第二季度收入达到4,100万美元，远高于博尔顿估计的3,600万美元和华尔街的3,650万美元预期。预计增长将来自所有细分市场。
SiTime posted beat and raise results as customer inventories declined and order activity picked up, Bolton noted.
博尔顿指出，随着客户库存下降和订单活动回升，SiTime公布了业绩好于上涨的业绩。
Inventory digestion is dissipating and should be in the rearview mirror post second-quarter as per the analyst. SITM has seen a pickup in bookings so far in the second-quarter that is stronger than they would've expected 90 days ago.
根据分析师的说法，库存消化正在消散，应该在第二季度后出现在后视镜中。到目前为止，SITM在第二季度的预订量有所回升，强于90天前的预期。
The company currently has good visibility into the third-quarter and he noted visibility is getting back to normal, pre-pandemic levels which supports a stronger calendar second-half 2024.
该公司目前对第三季度的知名度良好，他指出，能见度已恢复到疫情前的正常水平，这为2024年下半年日历的强劲发展提供了支持。
Management sees year-on-year revenue growth returning to the ~30% Y/Y level in the second quarter of fiscal 2024 to the fourth quarter of fiscal 2024. Bolton is confident about continued growth in fiscal 2025, driven by solid growth and traction in CED.
管理层预计，从2024财年第二季度到2024财年第四季度，收入同比增长将恢复到约30％的同比水平。在CED的稳健增长和牵引力的推动下，博尔顿对2025财年的持续增长充满信心。
As visibility improved and revenue growth was set to return to target levels, he upgraded the rating on the SITM stock.
随着知名度的提高和收入增长将恢复到目标水平，他上调了SITM股票的评级。
Price Action: SiTime shares are trading higher by 31% at $127.58 at last check Thursday.
价格走势：在周四的最后一次检查中，SiTime股价上涨了31％，至127.58美元。
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