SiTime Corporation provides silicon timing systems in Taiwan, Hong Kong, the United States, and internationally. It provides resonators and clock integrated circuits, and various types of oscillators. The company's solutions are used in various markets, including enterprise and telecommunications infrastructure, automotive, industrial, Internet of Things, mobile, and aerospace and defense. It offers its products through distributors and resellers. The company was incorporated in 2003 and is headquartered in Santa Clara, California. SiTime Corporation was formerly a subsidiary of MegaChips Corporation.
IPO Year: 2019
Exchange: NASDAQ
Website: sitime.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2024 | $90.00 | Equal Weight → Underweight | Barclays |
| 5/9/2024 | $130.00 | Hold → Buy | Needham |
| 7/20/2023 | $160.00 | Outperform | Wolfe Research |
| 5/5/2023 | $135.00 → $88.00 | Overweight → Equal Weight | Barclays |
| 5/4/2023 | Buy → Hold | Needham | |
| 11/16/2022 | $135.00 | Outperform | Credit Suisse |
| 10/11/2022 | $210.00 → $125.00 | Buy | Needham |
| 2/3/2022 | $330.00 → $300.00 | Buy | Needham |
| 11/5/2021 | $245.00 → $325.00 | Overweight | Barclays |
| 11/4/2021 | $225.00 → $325.00 | Outperform | Credit Suisse |
SANTA CLARA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the third quarter ended September 30, 2024. Net revenue in the third quarter of 2024 was $57.7 million, a 32% increase from $43.9 million in the prior quarter and an increase of 62% from the year ago period. "We saw strong revenue and profit growth in Q3," said Rajesh Vashist, CEO and chairman of SiTime. "All of our market segments grew by double-digit percentages sequentially. Our strategy of focusing on high-value applications with differentiated product offerings is delivering results and continues to fuel our growth." In the th
SANTA CLARA, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the Precision Timing company, will announce its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. Rajesh Vashist, chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, November 6, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial-in pa
SANTA CLARA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the second quarter ended June 30, 2024. Net revenue in the second quarter of 2024 was $43.9 million, a 33% increase from $33.0 million in the prior quarter and an increase of 58% from the year ago period. "Q2 results exceeded our outlook," said Rajesh Vashist, CEO and chairman of SiTime. "Demand grew across all market segments, fueled by the highest growth segment, communications, enterprise and datacenters (CED). Our investments over the past five years have given us a diversified product portfolio — one that meets the industry's p
SANTA CLARA, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the precision timing company, will announce its second quarter 2024 financial results on Wednesday, August 7, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, August 7, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial
SANTA CLARA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2024. Net revenue in the first quarter of 2024 was $33.0 million, a 22% decrease from $42.4 million in the prior quarter. "SiTime is a leading provider of precision timing chips in electronics markets such as datacenter, AI and industrial," said Rajesh Vashist, CEO and chairman of SiTime. "Our investments to expand our product portfolio, including our latest Chorus clock generators, have positioned us well for sustained growth in Q2 and beyond." In the first quarter of 2024, GAAP gross margins were
Chorus Family of Clock Generators Deliver 10X Higher Performance in Half of the Size SiTime Corporation (NASDAQ:SITM), the precision timing company, today introduced its Chorus™ family of clock generators for AI datacenter applications. This new MEMS-based clock-system-on-a-chip (ClkSoC) family offers 10X higher performance in half the size, compared to standalone oscillators and clocks. Chorus' new approach includes clock, oscillator and resonator technologies in an integrated chip, simplifying system clock architecture and accelerating design time by up to six weeks. Chorus, combined with recently acquired timing products from Aura Semiconductor, builds on our strategy to offer a comple
SANTA CLARA, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the inventor of precision timing, will announce its first quarter 2024 financial results on Wednesday, May 8, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, May 8, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial-i
SANTA CLARA, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the precision timing company, today announced that SiTime's CEO, Rajesh Vashist, and CFO, Beth Howe, will present at the Morgan Stanley Technology, Media & Telecom Conference to be held at the Palace Hotel in San Francisco, CA. SiTime management is scheduled to host a fireside chat at 3:35 p.m. PST on Tuesday, March 5, 2024. A live and archived webcast of the Company's fireside chat will be available in the Events section of SiTime's Investor Relations website. About SiTime SiTime Corporation is the precision timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that
SANTA CLARA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the precision timing company, today announced financial results for the fourth quarter ended December 31, 2023. Net revenue in the fourth quarter was $42.4 million, a 19% increase from the $35.5 million in the prior quarter. Net revenue for fiscal year 2023 was $144.0 million compared with $283.6 million in fiscal year 2022. Generally Accepted Accounting Principles (GAAP) Results In the fourth quarter, GAAP gross profit was $23.7 million, or 55.9% of revenue, GAAP operating expenses were $51.2 million, GAAP loss from operations was $27.5 million, and GAAP net loss was $20.0
SANTA CLARA, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the precision timing company, will announce its fourth quarter 2023 financial results on Tuesday, February 13, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Tuesday, February 13, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for di
SiTime Corporation (NASDAQ:SITM), the precision timing company, today announced that Beth Howe has been named SiTime's executive vice president and chief financial officer (CFO) effective November 8, 2023. Art Chadwick has made the decision to step down as CFO and retire, effective November 7, 2023. He will work with the team and ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231101119700/en/As CFO, Beth will be responsible for overseeing all aspects of the company's financial management. SiTime redefines timing technology for intelligent, connected devices. (Photo: Business Wire) "I joined SiTime a l
IRVINE, Calif., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Syntiant Corp., a provider of deep learning solutions for always-on edge AI applications, today announced the addition of Edward Frank, Ph.D., to its board of directors. Dr. Frank joins Syntiant's board following more than 35 years of leadership in innovative technology companies, including serving at Apple Inc. from 2009 until 2013 as vice president, Macintosh Hardware Systems Engineering. Dr. Frank also served as corporate vice president, research and development, of Broadcom, a leading developer of integrated circuits for broadband communication. He was the founder and CEO of Epigram, Inc., a developer of integrated circuits and softwar
SANTA CLARA, Calif., April 05, 2021 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ: SITM), a market leader in MEMS timing, today announced that Christine A. Heckart has been appointed to the company’s Board of Directors. “I am delighted to welcome Christine to SiTime’s board,” said Rajesh Vashist, chief executive officer and chairman of the board at SiTime. “Communications and enterprise markets are a key growth area for SiTime. Christine’s wealth of leadership experience in this space will be invaluable as we pursue our goal of building an enduring company that transforms the $8 billion timing market.” Since 2019, Christine A. Heckart has served as the CEO of Scaylr, Inc., a cloud-
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Barclays downgraded SiTime from Equal Weight to Underweight and set a new price target of $90.00
Needham upgraded SiTime from Hold to Buy and set a new price target of $130.00
Wolfe Research initiated coverage of SiTime with a rating of Outperform and set a new price target of $160.00
Barclays downgraded SiTime from Overweight to Equal Weight and set a new price target of $88.00 from $135.00 previously
Needham downgraded SiTime from Buy to Hold
Credit Suisse initiated coverage of SiTime with a rating of Outperform and set a new price target of $135.00
Needham reiterated coverage of SiTime with a rating of Buy and set a new price target of $125.00 from $210.00 previously
Needham reiterated coverage of SiTime with a rating of Buy and set a new price target of $300.00 from $330.00 previously
Barclays reiterated coverage of SiTime with a rating of Overweight and set a new price target of $325.00 from $245.00 previously
Credit Suisse reiterated coverage of SiTime with a rating of Outperform and set a new price target of $325.00 from $225.00 previously
SANTA CLARA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the third quarter ended September 30, 2024. Net revenue in the third quarter of 2024 was $57.7 million, a 32% increase from $43.9 million in the prior quarter and an increase of 62% from the year ago period. "We saw strong revenue and profit growth in Q3," said Rajesh Vashist, CEO and chairman of SiTime. "All of our market segments grew by double-digit percentages sequentially. Our strategy of focusing on high-value applications with differentiated product offerings is delivering results and continues to fuel our growth." In the th
SANTA CLARA, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the Precision Timing company, will announce its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. Rajesh Vashist, chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, November 6, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial-in pa
SANTA CLARA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the second quarter ended June 30, 2024. Net revenue in the second quarter of 2024 was $43.9 million, a 33% increase from $33.0 million in the prior quarter and an increase of 58% from the year ago period. "Q2 results exceeded our outlook," said Rajesh Vashist, CEO and chairman of SiTime. "Demand grew across all market segments, fueled by the highest growth segment, communications, enterprise and datacenters (CED). Our investments over the past five years have given us a diversified product portfolio — one that meets the industry's p
SANTA CLARA, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the precision timing company, will announce its second quarter 2024 financial results on Wednesday, August 7, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, August 7, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial
SANTA CLARA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2024. Net revenue in the first quarter of 2024 was $33.0 million, a 22% decrease from $42.4 million in the prior quarter. "SiTime is a leading provider of precision timing chips in electronics markets such as datacenter, AI and industrial," said Rajesh Vashist, CEO and chairman of SiTime. "Our investments to expand our product portfolio, including our latest Chorus clock generators, have positioned us well for sustained growth in Q2 and beyond." In the first quarter of 2024, GAAP gross margins were
SANTA CLARA, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the inventor of precision timing, will announce its first quarter 2024 financial results on Wednesday, May 8, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, May 8, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for dial-i
SANTA CLARA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the precision timing company, today announced financial results for the fourth quarter ended December 31, 2023. Net revenue in the fourth quarter was $42.4 million, a 19% increase from the $35.5 million in the prior quarter. Net revenue for fiscal year 2023 was $144.0 million compared with $283.6 million in fiscal year 2022. Generally Accepted Accounting Principles (GAAP) Results In the fourth quarter, GAAP gross profit was $23.7 million, or 55.9% of revenue, GAAP operating expenses were $51.2 million, GAAP loss from operations was $27.5 million, and GAAP net loss was $20.0
SANTA CLARA, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the precision timing company, will announce its fourth quarter 2023 financial results on Tuesday, February 13, 2024, after market close. Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Analysts and investors are invited to join the conference call using the following information: Date: Tuesday, February 13, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Live webcast: Click HereRegister for dial-in number: Click Here Advanced registration is required for di
SiTime Corporation (NASDAQ:SITM), the precision timing company, today announced it has completed the acquisition of clock products from Aura Semiconductor and licensing its clock IP. The deal accelerates SiTime's roadmap and advances the company's vision to become the only provider of completed and differentiated precision timing products. Read more at investor resources. About SiTime SiTime Corporation is the precision timing company. Our semiconductor MEMS 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 more than 3 billion devices shipped, SiTime is
Deal Accelerates SiTime's Roadmap to Provide Communications and Datacenter Customers With Highly Differentiated Timing Products SiTime Corporation (NASDAQ:SITM), the precision timing company, today announced it has entered into an exclusive agreement with Aura Semiconductor to acquire its clock products and license all of its clock IP. This is an all-cash transaction, comprised of fixed payments totaling $148 million, and earnouts capped at $120 million. The transaction is expected to close by the end of 2023. "SiTime's vision is to transform all categories of the $10 billion timing market," said Rajesh Vashist, CEO and chairman of SiTime. "Since our IPO in 2019, our singular focus has
Stifel analyst Tore Svanberg maintains SiTime (NASDAQ:SITM) with a Buy and raises the price target from $150 to $175.
Needham analyst Quinn Bolton reiterates SiTime (NASDAQ:SITM) with a Buy and maintains $130 price target.
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. 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. 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 par
Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du
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U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday. Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) rose sharply during Thursday's session following upbeat earnings. Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from Benzinga Pro. Spectrum Brands shares surged 12.4% to $95.00 on Thursday. Here are some other big stocks recording gains in today's session. Sezzle Inc. (NASDAQ:SEZL) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-qu
Needham analyst Quinn Bolton upgrades SiTime (NASDAQ:SITM) from Hold to Buy and announces $130 price target.
SiTime (NASDAQ:SITM) reported quarterly losses of $(0.08) per share which beat the analyst consensus estimate of $(0.15) by 46.67 percent. The company reported quarterly sales of $33.022 million which beat the analyst consensus estimate of $32.025 million by 3.11 percent. This is a 13.88 percent decrease over sales of $38.343 million the same period last year.