SiTime Co. (NASDAQ:SITM) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,100 shares of the company's stock after selling 6,000 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of SiTime worth $3,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SITM. Blue Trust Inc. lifted its stake in SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock valued at $47,000 after acquiring an additional 67 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in SiTime during the 4th quarter valued at approximately $58,000. Smartleaf Asset Management LLC lifted its stake in SiTime by 278.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $60,000 after acquiring an additional 206 shares during the period. Lazard Asset Management LLC acquired a new stake in SiTime during the 4th quarter valued at approximately $81,000. Finally, AlphaQuest LLC lifted its stake in SiTime by 8,460.0% during the 4th quarter. AlphaQuest LLC now owns 428 shares of the company's stock valued at $92,000 after acquiring an additional 423 shares during the period. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Fariborz Assaderaghi sold 1,267 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $147.80, for a total transaction of $187,262.60. Following the completion of the sale, the insider now owns 113,584 shares of the company's stock, valued at $16,787,715.20. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the company's 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 directly owns 92,847 shares of the company's stock, valued at $14,636,401.08. The trade was a 1.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,495 shares of company stock valued at $9,500,531. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of SiTime from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of SiTime from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Needham & Company LLC lifted their target price on shares of SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $215.00.

SiTime Stock Down 1.2%

Shares of NASDAQ:SITM traded down $2.28 during trading on Friday, hitting $194.80. 64,249 shares of the stock traded hands, compared to its average volume of 244,897. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -48.10 and a beta of 2.24. The company has a fifty day moving average price of $162.96 and a two-hundred day moving average price of $190.86. SiTime Co. has a 52-week low of $105.40 and a 52-week high of $268.18.

SiTime (NASDAQ:SITM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.11 by $0.15. The company had revenue of $60.31 million during the quarter, compared to analyst estimates 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 revenue was up 82.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($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.