Fox Run Management L.L.C. purchased a new stake in SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,810 shares of the company's stock, valued at approximately $388,000.
Other hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in SiTime in the 4th quarter valued at $815,000. Virtu Financial LLC raised its position in shares of SiTime by 145.3% in the 4th quarter. Virtu Financial LLC now owns 2,921 shares of the company's stock valued at $626,000 after buying an additional 1,730 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of SiTime during the 4th quarter worth approximately $203,000. Teacher Retirement System of Texas bought a new position in SiTime in the fourth quarter valued at approximately $2,083,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in SiTime during the fourth quarter worth $130,000. 84.31% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Barclays lifted their target price on SiTime from $130.00 to $160.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. Needham & Company LLC increased their target price on shares of SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus upped their price objective on shares of SiTime from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $232.00.
Read Our Latest Research Report on SITM
SiTime Stock Performance
Shares of NASDAQ:SITM traded down $14.24 during midday trading on Friday, hitting $152.41. 233,512 shares of the stock were exchanged, compared to its average volume of 232,877. The business's 50-day moving average price is $184.02 and its 200 day moving average price is $195.75. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -37.63 and a beta of 1.85. SiTime Co. has a 12 month low of $72.39 and a 12 month high of $268.18.
Insider Buying and Selling at SiTime
In other SiTime news, insider Lionel Bonnot sold 3,501 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $174.25, for a total value of $610,049.25. Following the sale, the insider now owns 87,940 shares in the company, valued at approximately $15,323,545. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Fariborz Assaderaghi sold 1,002 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $221,381.88. Following the transaction, the insider now owns 100,681 shares of the company's stock, valued at $22,244,460.14. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,544 shares of company stock worth $1,200,095. 2.30% of the stock is currently owned by company insiders.
About SiTime
(
Free Report)
SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense.
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