SiTime Co. (NASDAQ:SITM) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC reduced its position in SiTime Co. (NASDAQ:SITM - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,064 shares of the company's stock after selling 7,743 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 1.61% of SiTime worth $80,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SITM. Barclays PLC increased its holdings in SiTime by 80.7% during the 3rd quarter. Barclays PLC now owns 37,982 shares of the company's stock valued at $6,515,000 after acquiring an additional 16,964 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of SiTime during the third quarter valued at approximately $204,000. Sanctuary Advisors LLC purchased a new position in shares of SiTime during the third quarter valued at approximately $166,000. Principal Financial Group Inc. raised its stake in SiTime by 15.4% during the third quarter. Principal Financial Group Inc. now owns 448,930 shares of the company's stock worth $76,996,000 after purchasing an additional 59,931 shares during the period. Finally, GAMMA Investing LLC raised its stake in SiTime by 27.1% during the fourth quarter. GAMMA Investing LLC now owns 944 shares of the company's stock worth $203,000 after purchasing an additional 201 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SiTime Price Performance

SITM traded down $4.44 during trading hours on Monday, reaching $148.60. 216,953 shares of the stock traded hands, compared to its average volume of 241,307. The firm's fifty day simple moving average is $153.98 and its two-hundred day simple moving average is $190.45. The company has a market cap of $3.53 billion, a price-to-earnings ratio of -36.69 and a beta of 1.98. SiTime Co. has a fifty-two week low of $86.73 and a fifty-two week high of $268.18.

Insider Activity at SiTime

In related news, insider Piyush B. Sevalia sold 1,038 shares of the firm's stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lionel Bonnot sold 3,501 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $174.25, for a total transaction of $610,049.25. Following the transaction, the insider now directly owns 87,940 shares of the company's stock, 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 three months, insiders sold 5,542 shares of company stock valued at $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.