2020-11-25 15:10:02 SITM SiTime
11/25/20 11/2515:10 11/25/2015:10 | SiTime benefiting from October fire at AKM factory in Japan, says LynxLynx analyst KC Rajkumar and Jahanara Nissar note that SiTime has raised Q4 guidance from up 10%-15% quarter-over-quarter to 18%-22%. The analysts believe the company is benefiting from the October 28th fire at the AKM factory in Nobeoka, Japan. AKM is a "dominant global supplier of quartz crystals used in clock generators," Rajkumar and Nissar note, adding that they are hearing there is a "crushing shortage" of this crucial component in global markets. The analysts think the raise in guidance at SiTime is a direct result of the AKM fire and see the stock move up as justified. Further, they believe there will be rush to own SiTime. |
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