Universal Beteiligungs und Servicegesellschaft mbH Takes $6.73 Million Position in SiTime Co. (NASDAQ:SITM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,383 shares of the company's stock, valued at approximately $6,733,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of SiTime as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in SiTime by 80.7% in the third quarter. Barclays PLC now owns 37,982 shares of the company's stock worth $6,515,000 after purchasing an additional 16,964 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock valued at $60,000 after buying an additional 206 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of SiTime during the 4th quarter valued at about $4,418,000. M&T Bank Corp acquired a new stake in SiTime during the fourth quarter worth about $235,000. Finally, New York State Teachers Retirement System lifted its holdings in SiTime by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 23,700 shares of the company's stock worth $5,084,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company's stock.

SiTime Stock Down 1.3%

SITM traded down $2.71 during trading on Wednesday, reaching $202.78. The stock had a trading volume of 203,855 shares, compared to its average volume of 246,890. The stock has a 50 day moving average of $165.34 and a two-hundred day moving average of $190.84. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of -50.07 and a beta of 2.24. SiTime Co. has a 1-year low of $105.40 and a 1-year high of $268.18.

SiTime (NASDAQ:SITM - Get Free Report) last released 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 return on equity of 10.12% and a negative net margin of 46.18%. The firm had revenue of $60.31 million for the quarter, compared to analyst estimates of $54.01 million. During the same period in the previous year, the company earned ($0.08) earnings per share. SiTime's revenue was up 82.7% compared to the same quarter last year. On average, research analysts forecast that SiTime Co. will post -2.44 EPS for the current fiscal year.

Insider Transactions at SiTime

In other SiTime news, CEO Rajesh Vashist sold 20,000 shares of SiTime stock in a transaction that occurred 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 transaction, the chief executive officer now owns 490,320 shares in the company, valued at approximately $103,285,908. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,268 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $184.92, for a total value of $234,478.56. Following the completion of the transaction, the insider now directly owns 112,316 shares in the company, valued at $20,769,474.72. This represents a 1.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,779 shares of company stock valued at $10,591,318 in the last quarter. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

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

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.