SiTime price target raised to $265 from $230 at Roth MKM

Roth MKM raised the firm’s price target on SiTime (SITM) to $265 from $230 and keeps a Buy rating on the shares. The company’s Q4 results and outlook were in-line with expected seasonality, reflecting healthy growth across all three key segments, the analyst tells investors in a research note. The firm further contends that SiTime can drive long-term growth in the precision timing market across all key segments.