SiTime saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 88 the day before.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
SiTime is now out of buy range after breaking out from a 147.82 buy point in a cup with handle.
The stock sports an 80 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company reported 0% EPS growth. Revenue growth rose 83%, up from 61% in the prior quarter. That marks one quarter of rising revenue increases.
SiTime earns the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the No. 1-ranked stock within the group.
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