654 Shares in SiTime Co. (NASDAQ:SITM) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in SiTime Co. (NASDAQ:SITM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 654 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in SiTime by 44.7% in the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after purchasing an additional 67 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of SiTime by 278.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $60,000 after acquiring an additional 206 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of SiTime in the third quarter worth $123,000. Sanctuary Advisors LLC purchased a new stake in shares of SiTime in the third quarter worth $166,000. Finally, GAMMA Investing LLC grew its stake in shares of SiTime by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 944 shares of the company’s stock worth $203,000 after acquiring an additional 201 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Price Performance

Shares of NASDAQ:SITM opened at $174.84 on Friday. The company has a market cap of $4.13 billion, a P/E ratio of -43.17 and a beta of 1.85. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $268.18. The stock’s fifty day moving average price is $202.20 and its 200-day moving average price is $191.74.

Insider Activity

In other SiTime news, insider Vincent P. Pangrazio sold 3,064 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $255.00, for a total value of $781,320.00. Following the transaction, the insider now owns 65,978 shares of the company’s stock, valued at approximately $16,824,390. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fariborz Assaderaghi sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $249.42, for a total value of $249,420.00. Following the completion of the transaction, the insider now directly owns 101,683 shares in the company, valued at $25,361,773.86. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,108 shares of company stock valued at $5,474,335 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays increased their target price on SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Needham & Company LLC increased their target price on SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Stifel Nicolaus upped their price target on SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.00.

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.