SiTime Corporation (NASDAQ:SITM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in shares of SiTime Corporation (NASDAQ:SITM - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,932 shares of the company's stock after selling 1,210 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.18% of SiTime worth $6,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of SiTime during the fourth quarter worth $7,312,000. PNC Financial Services Group Inc. lifted its position in SiTime by 15.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 877 shares of the company's stock valued at $188,000 after purchasing an additional 118 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of SiTime in the 4th quarter worth about $210,000. Swiss National Bank lifted its holdings in shares of SiTime by 1.7% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the company's stock worth $7,809,000 after acquiring an additional 600 shares during the last quarter. Finally, Royce & Associates LP increased its stake in SiTime by 137.6% in the 4th quarter. Royce & Associates LP now owns 20,606 shares of the company's stock worth $4,421,000 after buying an additional 11,934 shares during the period. Hedge funds and other institutional investors own 84.31% of the company's stock.

Insider Activity

In related news, insider Samsheer Ahamad sold 7,728 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $207.41, for a total value of $1,602,864.48. Following the sale, the insider owned 78,095 shares of the company's stock, valued at $16,197,683.95. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 5,112 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $205.53, for a total transaction of $1,050,669.36. Following the sale, the insider directly owned 107,204 shares in the company, valued at approximately $22,033,638.12. The trade was a 4.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,818 shares of company stock worth $13,171,258. Insiders own 2.30% of the company's stock.

SiTime Stock Performance

NASDAQ SITM traded down $4.68 on Monday, hitting $210.72. 251,352 shares of the company's stock traded hands, compared to its average volume of 264,761. SiTime Corporation has a 1-year low of $105.40 and a 1-year high of $268.18. The firm's 50-day moving average price is $209.37 and its two-hundred day moving average price is $188.07.

SiTime (NASDAQ:SITM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.15. The firm had revenue of $60.31 million during the quarter, compared to analyst estimates of $54.01 million. SiTime had a negative net margin of 38.60% and a negative return on equity of 9.43%. The business's quarterly revenue was up 82.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. As a group, analysts predict that SiTime Corporation will post -2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SITM. Barclays lifted their price objective on shares of SiTime from $135.00 to $180.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 11th. Stifel Nicolaus lifted their price objective on shares of SiTime from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $228.00.

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.