What is the stock price trajectory of SiTime Corporation (SITM)?

A share price of SiTime Corporation [SITM] is currently trading at $130.23, up 6.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The SITM shares have gain 8.40% over the last week, with a monthly amount glided 33.34%, and seem to be holding up well over a long-time horizon.

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On 1, February 2023, SiTime Reports Fourth Quarter 2022 Financial Results. In a post published today on Yahoo Finance, SiTime Corporation, (Nasdaq: SITM), the precision timing company, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

From an analyst’s perspective:

SiTime Corporation [NASDAQ: SITM] stock has seen the most recent analyst activity on November 16, 2022, when Credit Suisse initiated its Outperform rating and assigned the stock a price target of $135. Previously, Needham reaffirmed its Buy rating on October 11, 2022, and dropped its price target to $125. On August 30, 2021, Credit Suisse initiated with a Outperform rating and assigned a price target of $225 on the stock. William Blair started tracking the stock assigning a Outperform rating. Needham reiterated its recommendation of a Buy and reduced its price target to $27 on April 15, 2020. Needham reiterated a Buy rating for this stock on January 17, 2020, and upped its price target to $30. In a note dated December 16, 2019, Stifel initiated an Buy rating and iterated a target price of $23 on this stock.

SiTime Corporation experienced fluctuations in its stock price throughout the past year between $73.10 and $270.92. Currently, Wall Street analysts expect the stock to reach $139.17 within the next 12 months. SiTime Corporation [NASDAQ: SITM] shares were valued at $130.23 at the most recent close of the market. An investor can expect a potential return of 6.86% based on the average SITM price forecast.

Analyzing the SITM fundamentals

During the last quarter, SiTime Corporation [NASDAQ:SITM] saw sales of 73.09 billion, an improvement of 16.00%. Gross Margin for this corporation currently stands at +63.74% with Operating Margin at +15.01%, Pretax Margin comes in at +14.79%, and Net Margin reading is +14.75%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.47 points at the first support level, and at 118.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.35, and for the 2nd resistance point, it is at 140.47.

SiTime Corporation [SITM] reported earnings per share of $1.11 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.01/share, meaning a difference of $0.1 and a surprise factor of 9.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.94 per share as compared to estimates of $0.76 per share, a difference of $0.18 representing a surprise of 23.70%.

Ratios To Look Out For

A current ratio of 18.90 is a noteworthy aspect of SiTime Corporation [NASDAQ:SITM]. On the other hand, the Quick Ratio is 16.11, and the Cash Ratio is 16.69. Considering the valuation of this stock, the price to sales ratio is 28.27, the price to book ratio is 9.63 and the P/E (TTM) ratio is 65.64.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 25 insider sales totaling 70,794 shares over the past 3 months. Recent insider trading involved Sevalia Piyush B, EVP Marketing, that happened on Jan 23 when 2375.0 shares were sold., Bonnot Lionel completed a deal on Jan 05 to sell 1158.0 shares. Meanwhile, Assaderaghi Fariborz sold 1026.0 shares on Jan 04.