Proficio Capital Partners LLC acquired a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,595 shares of the company's stock, valued at approximately $4,418,000. Proficio Capital Partners LLC owned about 0.09% of SiTime at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after buying an additional 67 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 206 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SiTime in the fourth quarter valued at about $140,000. Assetmark Inc. raised its holdings in shares of SiTime by 21.2% in the fourth quarter. Assetmark Inc. now owns 882 shares of the company's stock valued at $189,000 after purchasing an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of SiTime by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 944 shares of the company's stock valued at $203,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.
SiTime Trading Up 0.6 %
Shares of SiTime stock traded up $1.01 on Friday, reaching $178.26. The stock had a trading volume of 372,669 shares, compared to its average volume of 227,919. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $268.18. The company has a market cap of $4.21 billion, a P/E ratio of -44.01 and a beta of 1.85. The business's 50 day moving average is $191.57 and its two-hundred day moving average is $193.29.
Insider Transactions at SiTime
In related news, insider Piyush B. Sevalia sold 1,038 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total value of $163,630.32. Following the sale, the insider now directly owns 92,847 shares of the company's stock, 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 through the SEC website. Also, insider Fariborz Assaderaghi sold 1,003 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $204.42, for a total transaction of $205,033.26. Following the completion of the sale, the insider now directly owns 99,678 shares in the company, valued at $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. Over the last ninety days, insiders have sold 6,544 shares of company stock valued at $1,200,095. 2.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several analysts have recently commented on SITM shares. Barclays increased their target price on shares of SiTime from $130.00 to $160.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Needham & Company LLC increased their price target on shares of SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus increased their price target on shares of SiTime from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Raymond James reiterated an "outperform" rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, SiTime has an average rating of "Moderate Buy" and a consensus target price of $232.00.
Check Out Our Latest Report on SiTime
SiTime Profile
(
Free Report)
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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