|Bid||129.00 x 800|
|Ask||133.55 x 900|
|Day's range||128.32 - 133.74|
|52-week range||127.01 - 341.77|
|Beta (5Y monthly)||1.60|
|PE ratio (TTM)||54.33|
|Earnings date||01 Nov 2022 - 07 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||223.00|
On today's call from SiTime are Rajesh Vashist, chief executive officer; and Art Chadwick, chief financial officer. Before we begin, I'd like to point out that during the course of this call, the company may make forward-looking statements regarding expected future results, including financial position, strategy and plans, future operations, the timing market and other areas of discussion.
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.
SiTime (SITM) delivered earnings and revenue surprises of 9.90% and 3.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?