In a report released on February 3, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on SiTime Corporation (SITM – Research Report), with a price target of $135.00. The company’s shares closed yesterday at $125.03.
According to TipRanks, Svanberg is a top 25 analyst with an average return of 22.1% and a 70.33% success rate. Svanberg covers the Technology sector, focusing on stocks such as Microchip, NXP Semiconductors, and Ambarella.
Currently, the analyst consensus on SiTime Corporation is a Strong Buy with an average price target of $139.17, an 11.31% upside from current levels. In a report released on February 2, Barclays also maintained a Buy rating on the stock with a $135.00 price target.
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The company has a one-year high of $270.92 and a one-year low of $73.10. Currently, SiTime Corporation has an average volume of 263.5K.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SITM in relation to earlier this year.
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SiTime Corp. engages in developing, designing and selling silicon timing systems solutions. Its products include precision super-TCXOs, super-TCXOs, 32 kHz XO solutions, 32 kHz TCXOs, 1 Hz to 1 MHz XO/TCXOs, µPower oscillators, low power, low jitter, differential, and high-temp oscillators, AEC-Q100 automotive and clock generators. The company was founded by Markus Lutz and Aaron Partridge in 2005 and is headquartered in Santa Clara, CA.
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