Guggenheim Capital LLC Takes Position in SiTime Co. (NASDAQ:SITM)

Guggenheim Capital LLC purchased a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,152 shares of the company's stock, valued at approximately $462,000.

A number of other large investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in SiTime by 44.7% in the fourth quarter. Blue Trust Inc. now owns 217 shares of the company's stock valued at $47,000 after acquiring an additional 67 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of SiTime during the fourth quarter valued at about $58,000. Smartleaf Asset Management LLC raised its stake in SiTime by 278.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $60,000 after buying an additional 206 shares in the last quarter. AlphaQuest LLC lifted its holdings 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 buying an additional 423 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in SiTime during the 4th quarter valued at approximately $130,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Stock Up 2.7 %

Shares of NASDAQ SITM opened at $153.04 on Friday. The company has a 50 day moving average of $154.53 and a 200 day moving average of $190.64. SiTime Co. has a twelve month low of $86.73 and a twelve month high of $268.18. The firm has a market cap of $3.63 billion, a P/E ratio of -37.79 and a beta of 1.98.

Analyst Upgrades and Downgrades

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

Insider Activity

In other SiTime 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 value of $163,630.32. Following the transaction, the insider now directly owns 92,847 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $204.42, for a total value of $205,033.26. Following the sale, the insider now owns 99,678 shares of the company's stock, valued at approximately $20,376,176.76. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,542 shares of company stock valued at $978,713 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

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.

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