Royce & Associates LP grew its holdings in SiTime Co. (NASDAQ:SITM - Free Report) by 137.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,606 shares of the company's stock after buying an additional 11,934 shares during the period. Royce & Associates LP owned approximately 0.09% of SiTime worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of SiTime by 44.7% in the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after buying an additional 67 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of SiTime by 278.4% in the 4th 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 grew its stake in shares of SiTime by 8,460.0% in the 4th quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after buying an additional 423 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SiTime in the 4th quarter worth $140,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of SiTime in the 3rd quarter worth $166,000. 84.31% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at SiTime
In related news, insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Fariborz Assaderaghi sold 1,002 shares of SiTime stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $221,381.88. Following the sale, the insider now owns 100,681 shares of the company's stock, valued at $22,244,460.14. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,544 shares of company stock worth $1,200,095 in the last 90 days. 2.30% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective 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. Raymond James restated an "outperform" rating and issued a $250.00 target price (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Stifel Nicolaus raised their target price on shares of SiTime from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Barclays raised their target price on shares of SiTime from $130.00 to $160.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.00.
View Our Latest Stock Report on SITM
SiTime Price Performance
Shares of SiTime stock traded up $1.01 during trading on Friday, hitting $178.26. The stock had a trading volume of 376,152 shares, compared to its average volume of 227,652. SiTime Co. has a 12 month low of $72.39 and a 12 month high of $268.18. The firm's fifty day simple moving average is $190.51 and its 200-day simple moving average is $193.94. The stock has a market cap of $4.21 billion, a PE ratio of -44.01 and a beta of 1.85.
About SiTime
(
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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