SiTime price target lowered to $125 from $150 at Roth MKM

Roth MKM lowered the firm’s price target on SiTime to $125 from $150 and keeps a Buy rating on the shares. The company’s Q3 results were slightly ahead of consensus, driven by better profitability from cost controls, though its Q4 outlook for revenue was below consensus due to the “ongoing choppiness”, the analyst tells investors in a research note.