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Why SiTime Shares Are Falling Today

·2-min read

Semiconductor manufacturer SiTime (NASDAQ: SITM) delivered a quarter that met analyst expectations, but the company walked back its previous forecast for oversize growth in 2022. Investors were not pleased, sending SiTime shares down more than 35% on Thursday morning. SiTime makes digital timing devices, offering more precision and greater durability than the quartz-based products that have been used for the last century.