Segall Bryant & Hamill LLC Sells 1,210 Shares of SiTime Corporation (NASDAQ:SITM)

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

Several other institutional investors have also added to or reduced their stakes in SITM. Vanguard Group Inc. increased its position in shares of SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,468,348 shares of the company's stock valued at $529,535,000 after buying an additional 52,310 shares during the period. Invesco Ltd. lifted its holdings in shares of SiTime by 11.0% during the 4th quarter. Invesco Ltd. now owns 983,175 shares of the company's stock valued at $210,921,000 after purchasing an additional 97,062 shares during the last quarter. Ameriprise Financial Inc. raised its position in SiTime by 16.1% during the fourth quarter. Ameriprise Financial Inc. now owns 515,735 shares of the company's stock valued at $110,641,000 after acquiring an additional 71,658 shares in the last quarter. Geode Capital Management LLC boosted its stake in SiTime by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 442,897 shares of the company's stock worth $95,037,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in SiTime by 27.0% in the fourth quarter. Hood River Capital Management LLC now owns 421,960 shares of the company's stock valued at $90,523,000 after purchasing an additional 89,632 shares during the period. 84.31% of the stock is currently owned by institutional investors.

SiTime Trading Up 1.7%

Shares of NASDAQ SITM opened at $209.22 on Friday. The stock's 50 day simple moving average is $208.87 and its 200 day simple moving average is $188.49. The company has a market cap of $4.96 billion, a price-to-earnings ratio of -55.06 and a beta of 2.20. SiTime Corporation has a 12-month low of $105.40 and a 12-month high of $268.18.

SiTime (NASDAQ:SITM - Get Free Report) last posted its earnings results 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. The firm had revenue of $60.31 million during the quarter, compared to analysts' expectations of $54.01 million. SiTime had a negative return on equity of 9.43% and a negative net margin of 38.60%. The company's revenue was up 82.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. As a group, equities analysts forecast that SiTime Corporation will post -2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on SiTime from $135.00 to $180.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 11th. Stifel Nicolaus increased their price target on shares of SiTime from $180.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $224.00.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the chief executive officer owned 490,320 shares in the company, valued at $103,285,908. The trade was a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samsheer Ahamad sold 7,728 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $207.41, for a total transaction of $1,602,864.48. Following the transaction, the insider directly owned 78,095 shares of the company's stock, valued at $16,197,683.95. This represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,818 shares of company stock worth $13,171,258. 2.10% of the stock is owned by corporate 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.

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