SiTime saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The new rating is a sign the stock is outpacing 96% 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 has now climbed above a proper buy zone after clearing the 147.82 buy point in a cup with handle.
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The stock has an 81 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 81% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 567% EPS growth. Sales growth increased 62%, up from 58% in the prior report. That marks five quarters of increasing revenue gains.
SiTime holds the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj is the No. 1-ranked stock within the group.
