Baader Bank Aktiengesellschaft Takes $538,000 Position in SiTime Co. (NASDAQ:SITM)

Baader Bank Aktiengesellschaft bought a new stake in SiTime Co. (NASDAQ:SITM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,510 shares of the company's stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of SiTime by 67.4% in the 3rd quarter. Signaturefd LLC now owns 149 shares of the company's stock valued at $26,000 after purchasing an additional 60 shares during the period. Thrivent Financial for Lutherans raised its holdings in SiTime by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,714 shares of the company's stock valued at $2,524,000 after acquiring an additional 94 shares during the period. Amalgamated Bank raised its holdings in SiTime by 2.3% in the 3rd quarter. Amalgamated Bank now owns 5,509 shares of the company's stock valued at $945,000 after acquiring an additional 122 shares during the period. Blue Trust Inc. raised its holdings in SiTime by 118.0% in the 4th quarter. Blue Trust Inc. now owns 327 shares of the company's stock valued at $70,000 after acquiring an additional 177 shares during the period. Finally, KBC Group NV raised its holdings in SiTime by 3.0% in the 4th quarter. KBC Group NV now owns 6,402 shares of the company's stock valued at $1,373,000 after acquiring an additional 184 shares during the period. 84.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Vincent P. Pangrazio sold 3,064 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $255.00, for a total transaction of $781,320.00. Following the sale, the insider now owns 65,978 shares in the company, valued at approximately $16,824,390. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Fariborz Assaderaghi sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.16, for a total transaction of $210,160.00. Following the completion of the sale, the insider now owns 108,574 shares in the company, valued at $22,817,911.84. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,931 shares of company stock worth $6,326,724. Corporate insiders own 2.30% of the company's stock.

SiTime Trading Down 0.1 %

Shares of NASDAQ:SITM traded down $0.15 on Monday, reaching $204.05. 216,194 shares of the company's stock were exchanged, compared to its average volume of 202,831. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of -49.98 and a beta of 1.80. The company has a fifty day moving average of $228.31 and a 200-day moving average of $185.33. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $268.18.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $55.10 million. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The firm's revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.81) EPS. As a group, equities research analysts forecast that SiTime Co. will post -2.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SITM has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of SiTime from $230.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 6th. Needham & Company LLC increased their price target on shares of SiTime from $140.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Roth Mkm increased their price target on shares of SiTime from $205.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Barclays increased their target price on shares of SiTime from $130.00 to $160.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th.

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.