On Tuesday, SiTime got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
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The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
SiTime is currently forming a consolidation, with a 243.35 entry. See if the stock can break out in heavy trade at least 40% above average.
The stock has an 82 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 82% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported 292% earnings growth for Q2. Sales growth came in at 58%, down from 83% in the previous quarter.
SiTime holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Astera Labs, Broadcom and Credo Tech Group are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
