Dimensional Fund Advisors LP Sells 17,941 Shares of SiTime Co. (NASDAQ:SITM)

Dimensional Fund Advisors LP trimmed its holdings in SiTime Co. (NASDAQ:SITM - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,068 shares of the company's stock after selling 17,941 shares during the period. Dimensional Fund Advisors LP owned 1.14% of SiTime worth $57,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in SiTime by 80.7% in 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. Smartleaf Asset Management LLC lifted 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 purchasing an additional 206 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in SiTime during the fourth quarter worth about $538,000. Proficio Capital Partners LLC acquired a new stake in SiTime during the fourth quarter worth about $4,418,000. Finally, Principal Financial Group Inc. increased its holdings in SiTime by 15.4% in the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company's stock valued at $76,996,000 after buying an additional 59,931 shares during the period. 84.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SITM has been the topic of several analyst reports. Needham & Company LLC increased their price target 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. Barclays decreased their price target on SiTime from $180.00 to $110.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on SiTime from $270.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up previously from $215.00) on shares of SiTime in a research 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $204.00.

Insiders Place Their Bets

In related news, insider Lionel Bonnot sold 3,501 shares of SiTime stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $174.25, for a total value of $610,049.25. Following the completion of the sale, the insider now owns 87,940 shares of the company's stock, valued at approximately $15,323,545. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the sale, the insider now directly owns 92,847 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 6,809 shares of company stock valued at $1,165,975. Insiders own 2.30% of the company's stock.

SiTime Trading Up 4.7 %

NASDAQ SITM traded up $7.29 during trading hours on Friday, hitting $163.82. The company's stock had a trading volume of 262,526 shares, compared to its average volume of 242,006. The company has a market capitalization of $3.89 billion, a PE ratio of -40.45 and a beta of 2.24. SiTime Co. has a 52 week low of $92.36 and a 52 week high of $268.18. The company's 50-day simple moving average is $152.47 and its two-hundred day simple moving average is $189.69.

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.