Gotham Asset Management LLC Has $1.24 Million Stake in SiTime Co. (NASDAQ:SITM)

Gotham Asset Management LLC raised its stake in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 392.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,798 shares of the company's stock after purchasing 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.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its position in SiTime by 80.7% during the third quarter. Barclays PLC now owns 37,982 shares of the company's stock worth $6,515,000 after buying an additional 16,964 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of SiTime by 278.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $60,000 after purchasing an additional 206 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of SiTime during the fourth quarter valued at approximately $538,000. Proficio Capital Partners LLC bought a new stake in shares of SiTime during the fourth quarter valued at approximately $4,418,000. Finally, M&T Bank Corp acquired a new position in shares of SiTime in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 84.31% of the company's stock.

Wall Street Analysts Forecast Growth

SITM has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Barclays raised their price objective on shares of SiTime from $110.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Needham & Company LLC upped their target price 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. Finally, Stifel Nicolaus raised their price target on shares of SiTime from $180.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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, SiTime has an average rating of "Moderate Buy" and a consensus price target of $215.00.

SiTime Stock Performance

Shares of NASDAQ SITM traded down $5.42 during midday trading on Wednesday, reaching $201.12. 194,854 shares of the company traded hands, compared to its average volume of 244,873. SiTime Co. has a 12 month low of $105.40 and a 12 month high of $268.18. The stock's 50-day simple moving average is $159.86 and its 200-day simple moving average is $190.87. The firm has a market cap of $4.77 billion, a PE ratio of -49.66 and a beta of 2.24.

SiTime (NASDAQ:SITM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $54.01 million. During the same quarter last year, the company posted ($0.08) EPS. The firm's revenue for the quarter was up 82.7% on a year-over-year basis. On average, equities research analysts expect that SiTime Co. will post -2.44 EPS for the current year.

Insider Transactions at SiTime

In other news, insider Piyush B. Sevalia sold 1,038 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the sale, the insider now owns 92,847 shares in the company, valued at approximately $14,636,401.08. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajesh Vashist sold 20,000 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $210.65, for a total value of $4,213,000.00. Following the completion of the sale, the chief executive officer now owns 490,320 shares of the company's stock, valued at approximately $103,285,908. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,074 shares of company stock valued at $5,408,421. Corporate insiders own 2.10% of the company's stock.

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.