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

Roth MKM raised the firm’s price target on SiTime to $150 from $125 and keeps a Buy rating on the shares. The company’s Q2 earnings reflect improving end market recovery visibility, and the stock represents a differentiated investment opportunity in growth of timing semiconductor devices across a diversified set of end market opportunities, the analyst tells investors in a research note.