F M Investments LLC Lowers Stake in SiTime Co. (NASDAQ:SITM)

F M Investments LLC decreased its position in SiTime Co. (NASDAQ:SITM - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,533 shares of the company's stock after selling 44,842 shares during the quarter. F M Investments LLC owned approximately 0.12% of SiTime worth $5,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of SiTime in the fourth quarter valued at approximately $58,000. Smartleaf Asset Management LLC increased its position in shares of SiTime by 278.4% during 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 last quarter. AlphaQuest LLC lifted its holdings in SiTime by 8,460.0% during the fourth quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after acquiring an additional 423 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in SiTime in the fourth quarter worth $130,000. Hedge funds and other institutional investors own 84.31% of the company's stock.

SiTime Price Performance

Shares of SITM traded down $0.34 during trading hours on Tuesday, hitting $136.90. The company's stock had a trading volume of 82,539 shares, compared to its average volume of 239,705. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -33.80 and a beta of 1.98. The business has a 50 day simple moving average of $161.47 and a two-hundred day simple moving average of $193.26. SiTime Co. has a 52-week low of $72.39 and a 52-week high of $268.18.

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Analyst Upgrades and Downgrades

SITM has been the topic of a number of recent analyst reports. Barclays lifted 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. Needham & Company LLC boosted their target price on shares of SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Raymond James reissued 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, Stifel Nicolaus lifted their price target on shares of SiTime from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $232.00.

Insider Activity at SiTime

In other SiTime news, insider Piyush B. Sevalia sold 1,038 shares of SiTime 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 of the company's stock, valued at $14,636,401.08. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lionel Bonnot sold 3,501 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,542 shares of company stock worth $978,713. Corporate insiders own 2.30% of the company's stock.

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.