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IBD 50 Stock SiTime Climbs After Entering Lucrative New Market
Investorsยท 2025-09-19 20:14
Group 1 - SiTime has expanded its product offerings by launching the Titan Platform family of semiconductor MEMS resonators, driving its stock to a nearly four-year high [1][2] - The entry into the $4 billion resonator market complements SiTime's existing precision timing solutions and positions the company as the sole provider of a complete suite of timing components [2][3] - SiTime's resonators are significantly smaller than traditional quartz alternatives, enabling further miniaturization of electronics for various applications including wearables and medical devices [4] Group 2 - Analyst Tore Svanberg from Stifel has reiterated a buy rating on SiTime stock, raising the price target from $240 to $320, reflecting confidence in the company's growth potential [2] - SiTime's stock closed at $312.85, marking a 2.5% increase and its highest level since December 2021 [2] - The launch of Titan resonators is expected to disrupt the legacy quartz-based timing market, which is valued at over $10 billion [3]