Amica Mutual Insurance Co. Sells 3,325 Shares of SiTime Co. (NASDAQ:SITM)

Amica Mutual Insurance Co. lowered its holdings in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,836 shares of the company's stock after selling 3,325 shares during the period. Amica Mutual Insurance Co.'s holdings in SiTime were worth $1,252,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after acquiring an additional 67 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $60,000 after purchasing an additional 206 shares during the period. AlphaQuest LLC increased its stake in SiTime by 8,460.0% in the 4th quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after purchasing an additional 423 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in SiTime during the 4th quarter worth about $130,000. Finally, SBI Securities Co. Ltd. acquired a new stake in SiTime during the 4th quarter worth about $140,000. Institutional investors and hedge funds own 84.31% of the company's stock.

SiTime Price Performance

Shares of NASDAQ SITM traded down $7.17 during trading hours on Monday, hitting $145.24. 76,197 shares of the company's stock were exchanged, compared to its average volume of 232,287. The company's 50-day moving average price is $184.02 and its 200-day moving average price is $195.75. SiTime Co. has a 1-year low of $72.39 and a 1-year high of $268.18. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -35.89 and a beta of 1.85.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SITM shares. Needham & Company LLC lifted their target price on shares of SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Barclays raised their price target on shares of SiTime from $130.00 to $160.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Finally, Stifel Nicolaus boosted their target price on SiTime from $250.00 to $270.00 and gave the stock a "buy" rating in a 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.00.

Insiders Place Their Bets

In related news, insider Fariborz Assaderaghi sold 1,002 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $221,381.88. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the sale, the insider now directly owns 92,847 shares in the company, valued at $14,636,401.08. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,544 shares of company stock valued at $1,200,095 in the last three months. Company insiders own 2.30% of the company's stock.

SiTime Company Profile

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.