SiTime Co. (NASDAQ:SITM) Shares Bought by Virtu Financial LLC

Virtu Financial LLC raised its position in SiTime Co. (NASDAQ:SITM - Free Report) by 145.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,921 shares of the company's stock after acquiring an additional 1,730 shares during the period. Virtu Financial LLC's holdings in SiTime were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of SiTime by 44.7% in 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 boosted 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 purchasing an additional 206 shares during the last quarter. AlphaQuest LLC grew its position in SiTime by 8,460.0% during the 4th quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after purchasing an additional 423 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of SiTime in the 4th quarter valued at about $130,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of SiTime in the fourth quarter worth about $140,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 research note on Thursday, February 6th. Raymond James restated 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. Barclays increased their price target on SiTime from $130.00 to $160.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus increased their price objective on shares of SiTime from $250.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $232.00.

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Insider Buying and Selling at SiTime

In other news, insider Lionel Bonnot sold 3,501 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $174.25, for a total transaction of $610,049.25. Following the sale, the insider now owns 87,940 shares of the company's stock, valued at approximately $15,323,545. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the sale, the insider now directly owns 92,847 shares in the company, valued at approximately $14,636,401.08. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,544 shares of company stock valued at $1,200,095 in the last quarter. Corporate insiders own 2.30% of the company's stock.

SiTime Stock Performance

Shares of NASDAQ:SITM traded down $14.24 during trading on Friday, hitting $152.41. The company's stock had a trading volume of 233,512 shares, compared to its average volume of 232,877. The company has a market capitalization of $3.60 billion, a PE ratio of -37.63 and a beta of 1.85. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18. The business has a 50 day moving average price of $184.02 and a two-hundred day moving average price of $195.37.

About SiTime

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.