New York State Common Retirement Fund lessened its holdings in shares of SiTime Co. (NASDAQ:SITM – Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,031 shares of the company’s stock after selling 1,529 shares during the period. New York State Common Retirement Fund’s holdings in SiTime were worth $3,225,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after acquiring an additional 67 shares during the period. Van ECK Associates Corp acquired a new stake in SiTime during the 3rd quarter worth $123,000. GAMMA Investing LLC grew its holdings in SiTime by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 944 shares of the company’s stock worth $203,000 after acquiring an additional 201 shares during the period. Sanctuary Advisors LLC acquired a new stake in SiTime during the 3rd quarter worth $166,000. Finally, Quantum Private Wealth LLC acquired a new stake in SiTime during the 4th quarter worth $209,000. Institutional investors and hedge funds own 84.31% of the company’s stock.
SiTime Trading Up 1.4 %
Shares of NASDAQ SITM opened at $155.15 on Friday. The firm has a market cap of $3.66 billion, a PE ratio of -38.31 and a beta of 1.80. SiTime Co. has a 1-year low of $72.39 and a 1-year high of $268.18. The company has a fifty day moving average price of $207.80 and a 200 day moving average price of $190.63.
Insider Buying and Selling
In other SiTime news, insider Fariborz Assaderaghi sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $249.42, for a total transaction of $249,420.00. Following the sale, the insider now directly owns 101,683 shares of the company’s stock, valued at $25,361,773.86. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lionel Bonnot sold 3,501 shares of the business’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 directly owns 87,940 shares in the company, valued at $15,323,545. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,072 shares of company stock valued at $5,527,988. Company insiders own 2.30% of the company’s stock.
Analyst Upgrades and Downgrades
SITM has been the subject of a number of analyst reports. Roth Mkm boosted their price target on shares of SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barclays boosted their price target on shares of SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Finally, Needham & Company LLC boosted their price target on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, SiTime currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.
Check Out Our Latest Report on SiTime
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.
Featured Articles
Want to see what other hedge funds are holding SITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiTime Co. (NASDAQ:SITM – Free Report).
Receive News & Ratings for SiTime Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SiTime and related companies with MarketBeat.com’s FREE daily email newsletter.