SiTime Co. (NASDAQ:SITM) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in SiTime Co. (NASDAQ:SITM - Free Report) by 36.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,573 shares of the company's stock after acquiring an additional 52,221 shares during the quarter. Wellington Management Group LLP owned 0.83% of SiTime worth $41,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of SiTime by 80.7% during the 3rd quarter. Barclays PLC now owns 37,982 shares of the company's stock valued at $6,515,000 after purchasing an additional 16,964 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in SiTime by 601.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,318 shares of the company's stock worth $283,000 after purchasing an additional 1,130 shares during the last quarter. Blue Trust Inc. grew its stake in SiTime by 118.0% during the 4th quarter. Blue Trust Inc. now owns 327 shares of the company's stock valued at $70,000 after acquiring an additional 177 shares in the last quarter. KBC Group NV grew its position in shares of SiTime by 3.0% in the fourth quarter. KBC Group NV now owns 6,402 shares of the company's stock valued at $1,373,000 after purchasing an additional 184 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in SiTime in the 4th quarter valued at $538,000. Hedge funds and other institutional investors own 84.31% of the company's stock.

Analyst Ratings Changes

SITM has been the subject of several analyst reports. Needham & Company LLC increased 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. Barclays upped their target price on shares of SiTime from $110.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus upped their target price on shares of SiTime from $180.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Raymond James reissued an "outperform" rating and issued a $250.00 target price (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.00.

Insider Activity

In other SiTime news, insider Fariborz Assaderaghi sold 1,267 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $147.80, for a total value of $187,262.60. Following the completion of the transaction, the insider now directly owns 113,584 shares in the company, valued at approximately $16,787,715.20. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vincent P. Pangrazio sold 5,026 shares of SiTime stock in a transaction on Monday, May 19th. The shares were sold at an average price of $204.55, for a total value of $1,028,068.30. Following the completion of the sale, the insider now directly owns 64,842 shares of the company's stock, valued at approximately $13,263,431.10. This represents a 7.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,457 shares of company stock worth $9,336,901 over the last ninety days. 2.10% of the stock is currently owned by insiders.

SiTime Price Performance

NASDAQ SITM traded up $4.11 on Tuesday, hitting $204.09. 42,254 shares of the company's stock were exchanged, compared to its average volume of 245,571. The firm's 50-day moving average price is $163.55 and its two-hundred day moving average price is $190.65. SiTime Co. has a fifty-two week low of $105.40 and a fifty-two week high of $268.18. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -50.39 and a beta of 2.24.

SiTime (NASDAQ:SITM - Get Free Report) last issued 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 company had revenue of $60.31 million during the quarter, compared to analysts' expectations of $54.01 million. SiTime had a negative net margin of 46.18% and a negative return on equity of 10.12%. The firm's quarterly revenue was up 82.7% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. On average, research analysts predict that SiTime Co. will post -2.44 earnings per share 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.