11:09 AM EDT, 08/14/2025 (MT Newswires) -- SiTime's ( SITM ) new silicon-based products are disrupting the timing devices market, UBS said in a note Wednesday.

The company is positioned to become one of the fastest growing companies among chipmakers over the coming years, driven in part by artificial intelligence, according to the note.

SiTime's ( SITM ) recent Aura acquisition made it the only one-stop shop for micro-electromechanical systems capable of handling system-level clocking applications, analysts wrote.

The company's leverage across AI compute clusters and "deepening penetration" in Apple ( AAPL ) are two major drivers of its upside potential, UBS said, adding SiTime's ( SITM ) growing Apple ( AAPL ) position alone could account for most of the Street's incremental revenue through 2026.

The brokerage modelled 2025, 2026, and 2027 earnings per share of $2.23, $3.42, and $5.09, respectively, all above consensus estimates.

UBS initiated coverage of the stock with a buy rating and a price target of $260.

Price: 219.41, Change: +1.17, Percent Change: +0.54