Three Seasons Wealth LLC Takes $841,000 Position in SiTime Co. (NASDAQ:SITM)

Three Seasons Wealth LLC purchased a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,918 shares of the company's stock, valued at approximately $841,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hood River Capital Management LLC grew its position in SiTime by 27.0% during the 4th quarter. Hood River Capital Management LLC now owns 421,960 shares of the company's stock worth $90,523,000 after purchasing an additional 89,632 shares during the period. Price T Rowe Associates Inc. MD grew its position in SiTime by 82.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,047 shares of the company's stock worth $13,741,000 after purchasing an additional 28,856 shares during the period. Hsbc Holdings PLC grew its position in SiTime by 84.6% during the 4th quarter. Hsbc Holdings PLC now owns 4,816 shares of the company's stock worth $1,043,000 after purchasing an additional 2,207 shares during the period. MetLife Investment Management LLC grew its position in SiTime by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 11,099 shares of the company's stock worth $2,381,000 after purchasing an additional 490 shares during the period. Finally, Capital World Investors purchased a new stake in shares of SiTime during the 4th quarter worth about $17,654,000. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Price Performance

SiTime stock traded down $4.44 during midday trading on Monday, reaching $148.60. The company had a trading volume of 216,953 shares, compared to its average volume of 241,307. The firm's fifty day simple moving average is $154.53 and its 200-day simple moving average is $190.71. SiTime Co. has a 12-month low of $86.73 and a 12-month high of $268.18. The company has a market capitalization of $3.53 billion, a P/E ratio of -36.69 and a beta of 1.98.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other SiTime news, 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 value of $205,033.26. Following the transaction, the insider now directly owns 99,678 shares of the company's stock, valued at $20,376,176.76. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, the insider now directly owns 92,847 shares in the company, valued at $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,542 shares of company stock valued at $978,713 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

SiTime Company 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.