Alpine Woods Capital Investors LLC Has $2.15 Million Position in SiTime Co. (NASDAQ:SITM)

Alpine Woods Capital Investors LLC grew its position in SiTime Co. (NASDAQ:SITM - Free Report) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company's stock after purchasing an additional 3,000 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in SiTime were worth $2,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its stake in shares of SiTime by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 2,866 shares of the company's stock valued at $615,000 after buying an additional 48 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of SiTime by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 10,755 shares of the company's stock valued at $2,307,000 after buying an additional 57 shares during the period. Blue Trust Inc. lifted its stake in SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in SiTime by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,714 shares of the company's stock worth $2,524,000 after purchasing an additional 94 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in SiTime by 1.9% during the fourth quarter. Arizona State Retirement System now owns 5,368 shares of the company's stock worth $1,152,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

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Wall Street Analyst Weigh In

SITM has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on SiTime from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Raymond James restated an "outperform" rating and set a $250.00 target price (up from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Barclays upped their target price on SiTime from $130.00 to $160.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Finally, Needham & Company LLC upped their target price on SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $232.00.

Insider Transactions at SiTime

In related news, insider Lionel Bonnot sold 3,501 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $174.25, for a total value of $610,049.25. Following the completion of the sale, the insider now directly owns 87,940 shares in the company, valued at $15,323,545. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Fariborz Assaderaghi sold 1,002 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $221,381.88. Following the completion of the sale, the insider now owns 100,681 shares of the company's stock, valued at $22,244,460.14. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,544 shares of company stock worth $1,200,095. Corporate insiders own 2.30% of the company's stock.

SiTime Stock Up 4.3 %

Shares of NASDAQ:SITM traded up $7.33 during trading on Tuesday, hitting $177.79. 406,438 shares of the company were exchanged, compared to its average volume of 226,037. The business's 50 day moving average is $194.80 and its 200-day moving average is $193.26. The company has a market capitalization of $4.20 billion, a P/E ratio of -43.90 and a beta of 1.85. SiTime Co. has a 1-year low of $72.39 and a 1-year high of $268.18.

About SiTime

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.