Barclays PLC Sells 3,814 Shares of SiTime Co. (NASDAQ:SITM)

Barclays PLC lessened its stake in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,168 shares of the company's stock after selling 3,814 shares during the quarter. Barclays PLC owned about 0.15% of SiTime worth $7,330,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in SiTime by 44.7% in the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of SiTime in the fourth quarter worth $58,000. Smartleaf Asset Management LLC lifted its holdings in SiTime by 278.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $60,000 after acquiring an additional 206 shares during the period. AlphaQuest LLC boosted its position in SiTime by 8,460.0% in the fourth quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after purchasing an additional 423 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of SiTime during the 4th quarter valued at about $130,000. 84.31% of the stock is currently owned by institutional investors.

SiTime Stock Down 2.9 %

SITM stock traded down $4.44 during trading on Monday, reaching $148.60. The company's stock had a trading volume of 216,953 shares, compared to its average volume of 241,307. The company's fifty day moving average is $154.53 and its 200-day moving average is $190.71. The company has a market capitalization of $3.53 billion, a P/E ratio of -36.69 and a beta of 1.98. SiTime Co. has a 1 year low of $86.73 and a 1 year high of $268.18.

Insider Transactions at SiTime

In other news, insider Piyush B. Sevalia sold 1,038 shares of the firm'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 completion of the transaction, the insider now owns 92,847 shares in the company, valued at $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lionel Bonnot sold 3,501 shares of SiTime 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 completion of the sale, the insider now directly owns 87,940 shares in the company, valued at $15,323,545. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,542 shares of company stock valued at $978,713 over the last 90 days. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SITM shares. Needham & Company LLC raised their price objective on shares of SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Stifel Nicolaus reduced their price objective on SiTime from $270.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Raymond James reiterated an "outperform" rating and set a $250.00 target price (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Finally, Barclays reduced their price target on SiTime from $180.00 to $110.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.00.

SiTime 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.