Emerald Mutual Fund Advisers Trust Buys Shares of 38,219 SiTime Co. (NASDAQ:SITM)

Emerald Mutual Fund Advisers Trust purchased a new stake in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 38,219 shares of the company's stock, valued at approximately $8,199,000. Emerald Mutual Fund Advisers Trust owned 0.16% of SiTime as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of 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 purchasing an additional 16,964 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 period. Baader Bank Aktiengesellschaft purchased a new position in SiTime during the fourth quarter worth about $538,000. Proficio Capital Partners LLC acquired a new stake in shares of SiTime during the fourth quarter valued at about $4,418,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of SiTime in the 3rd quarter valued at approximately $166,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Trading Up 4.7 %

NASDAQ:SITM traded up $7.29 during mid-day trading on Friday, hitting $163.82. The stock had a trading volume of 262,526 shares, compared to its average volume of 242,006. SiTime Co. has a twelve month low of $92.36 and a twelve month high of $268.18. The company has a market capitalization of $3.89 billion, a PE ratio of -40.45 and a beta of 2.24. The stock has a 50-day simple moving average of $152.47 and a two-hundred day simple moving average of $189.81.

Analysts Set New Price Targets

Several research firms recently weighed in on SITM. Barclays dropped their target price on shares of SiTime from $180.00 to $110.00 and set an "underweight" rating for the company in a report 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 note on Thursday, April 17th. Raymond James reissued an "outperform" rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research note 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 stock a "buy" rating in a research note 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's stock. According to MarketBeat, SiTime currently has an average rating of "Moderate Buy" and a consensus target price of $204.00.

Insider Activity at SiTime

In other news, insider Fariborz Assaderaghi sold 1,003 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $204.42, for a total value of $205,033.26. Following the completion of the sale, the insider now directly owns 99,678 shares of the company's stock, valued at approximately $20,376,176.76. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $163,630.32. Following the transaction, the insider now owns 92,847 shares in the company, valued at $14,636,401.08. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,809 shares of company stock valued at $1,165,975 over the last quarter. 2.30% of the stock is owned by 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.