Brown Advisory Inc. Has $102.90 Million Holdings in SiTime Co. (NASDAQ:SITM)

Brown Advisory Inc. trimmed its position in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,649 shares of the company's stock after selling 41,001 shares during the period. Brown Advisory Inc. owned 2.05% of SiTime worth $102,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in SiTime during the fourth quarter worth about $58,000. Smartleaf Asset Management LLC increased its position in SiTime by 278.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $60,000 after buying an additional 206 shares during the last quarter. AlphaQuest LLC raised its stake in SiTime by 8,460.0% in the fourth quarter. AlphaQuest LLC now owns 428 shares of the company's stock valued at $92,000 after buying an additional 423 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of SiTime in the fourth quarter valued at approximately $130,000. 84.31% of the stock is owned by institutional investors.

SiTime Stock Performance

Shares of SiTime stock opened at $163.82 on Monday. The firm has a 50-day moving average of $152.47 and a 200-day moving average of $189.81. SiTime Co. has a 52-week low of $92.36 and a 52-week high of $268.18. The stock has a market cap of $3.89 billion, a PE ratio of -40.45 and a beta of 2.24.

Insiders Place Their Bets

In related news, insider Fariborz Assaderaghi sold 1,267 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $147.80, for a total transaction of $187,262.60. Following the sale, the insider now owns 113,584 shares of the company's stock, valued at $16,787,715.20. This represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total value of $163,630.32. Following the completion of the transaction, the insider now directly owns 92,847 shares of the company's stock, valued at $14,636,401.08. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,806 shares of company stock worth $960,942 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.

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