4,423 Shares in SiTime Co. (NASDAQ:SITM) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,423 shares of the company's stock, valued at approximately $949,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in SiTime by 16.1% during the 4th quarter. Ameriprise Financial Inc. now owns 515,735 shares of the company's stock worth $110,641,000 after acquiring an additional 71,658 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in SiTime in the fourth quarter valued at approximately $8,199,000. Northern Trust Corp lifted its stake in SiTime by 5.2% in the fourth quarter. Northern Trust Corp now owns 240,050 shares of the company's stock valued at $51,498,000 after buying an additional 11,872 shares in the last quarter. Aquatic Capital Management LLC bought a new position in SiTime in the fourth quarter valued at approximately $192,000. Finally, Boothbay Fund Management LLC bought a new position in SiTime in the fourth quarter valued at approximately $381,000. Institutional investors own 84.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SITM shares. Stifel Nicolaus lifted their price target on shares of SiTime from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Needham & Company LLC lifted their price target on shares of SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price target (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Barclays lifted their price target on shares of SiTime from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. One research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.00.

Insider Activity

In related news, insider Vincent P. Pangrazio sold 5,026 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $204.55, for a total transaction of $1,028,068.30. Following the transaction, the insider now directly owns 64,842 shares in the company, valued at approximately $13,263,431.10. The trade was a 7.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajesh Vashist sold 20,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $210.65, for a total transaction of $4,213,000.00. Following the transaction, the chief executive officer now owns 490,320 shares in the company, valued at approximately $103,285,908. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,495 shares of company stock worth $9,500,531 over the last ninety days. Insiders own 2.10% of the company's stock.

SiTime Trading Up 1.3%

Shares of NASDAQ SITM traded up $2.62 during midday trading on Tuesday, reaching $200.21. The company's stock had a trading volume of 255,028 shares, compared to its average volume of 245,951. SiTime Co. has a fifty-two week low of $105.40 and a fifty-two week high of $268.18. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -49.43 and a beta of 2.24. The stock has a 50 day simple moving average of $162.40 and a 200-day simple moving average of $190.94.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.15. SiTime had a negative net margin of 46.18% and a negative return on equity of 10.12%. The company had revenue of $60.31 million for the quarter, compared to the consensus estimate of $54.01 million. During the same period last year, the company earned ($0.08) earnings per share. The firm's revenue was up 82.7% compared to the same quarter last year. As a group, equities analysts anticipate that SiTime Co. will post -2.44 EPS for the current year.

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.