SiTime Co. (NASDAQ:SITM) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in SiTime Co. (NASDAQ:SITM - Free Report) by 392.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,798 shares of the company's stock after buying an additional 4,621 shares during the quarter. Gotham Asset Management LLC's holdings in SiTime were worth $1,244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ellevest Inc. lifted its stake in SiTime by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,254 shares of the company's stock valued at $1,127,000 after buying an additional 113 shares in the last quarter. Ethic Inc. lifted its stake in SiTime by 152.1% in the 4th quarter. Ethic Inc. now owns 5,692 shares of the company's stock valued at $1,221,000 after buying an additional 3,434 shares in the last quarter. Deutsche Bank AG lifted its stake in SiTime by 22.9% in the 4th quarter. Deutsche Bank AG now owns 50,798 shares of the company's stock valued at $10,898,000 after buying an additional 9,460 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in SiTime by 24.2% in the 4th quarter. Driehaus Capital Management LLC now owns 385,325 shares of the company's stock valued at $82,664,000 after acquiring an additional 75,192 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in SiTime in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 84.31% of the company's stock.

Insider Transactions at SiTime

In other news, CEO Rajesh Vashist sold 20,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 490,320 shares in the company, valued at $103,285,908. This represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lionel Bonnot sold 1,991 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $201.36, for a total value of $400,907.76. Following the completion of the sale, the insider now owns 82,579 shares of the company's stock, valued at approximately $16,628,107.44. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,996 shares of company stock worth $10,110,581 in the last ninety days. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

SITM has been the subject of several analyst reports. Raymond James reiterated 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. Needham & Company LLC lifted their price target on SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their price target on SiTime from $180.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Barclays lifted their price target on SiTime from $110.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.00.

SiTime Stock Down 3.2%

Shares of SITM stock traded down $6.44 on Friday, reaching $197.59. 252,206 shares of the stock were exchanged, compared to its average volume of 245,556. The stock has a market cap of $4.69 billion, a P/E ratio of -48.79 and a beta of 2.24. The firm has a 50 day moving average of $161.61 and a two-hundred day moving average of $191.30. SiTime Co. has a 1-year low of $105.40 and a 1-year high of $268.18.

SiTime (NASDAQ:SITM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.15. The business had revenue of $60.31 million during the quarter, compared to the consensus estimate of $54.01 million. SiTime had a negative return on equity of 10.12% and a negative net margin of 46.18%. The business's revenue for the quarter was up 82.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. On average, equities research analysts predict that SiTime Co. will post -2.44 EPS for the current fiscal year.

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.