Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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.
Several other large investors have also recently modified their holdings of SITM. Fourth Dimension Wealth LLC acquired a new position in SiTime during the 4th quarter valued at approximately $25,000. Blue Trust Inc. raised its position in shares of SiTime by 44.7% in the fourth quarter. Blue Trust Inc. now owns 217 shares of the company's stock valued at $47,000 after buying an additional 67 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of SiTime in the fourth quarter valued at about $58,000. Smartleaf Asset Management LLC raised its position in shares of SiTime by 278.4% in the fourth 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 last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of SiTime in the fourth quarter valued at about $81,000. Institutional investors own 84.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of SiTime from $110.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Raymond James restated an "outperform" rating and set a $250.00 price objective (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Needham & Company LLC raised their price objective on shares of SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus raised their price objective on shares of SiTime from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research 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, SiTime currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.00.
Get Our Latest Report on SiTime
SiTime Price Performance
NASDAQ:SITM traded up $1.39 on Wednesday, reaching $206.88. The stock had a trading volume of 69,512 shares, compared to its average volume of 245,780. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -51.18 and a beta of 2.24. The firm's fifty day moving average is $164.33 and its two-hundred day moving average is $190.75. SiTime Co. 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, topping analysts' consensus estimates of $0.11 by $0.15. The firm had revenue of $60.31 million during the quarter, compared to the consensus estimate of $54.01 million. SiTime had a negative net margin of 46.18% and a negative return on equity of 10.12%. The company's revenue was up 82.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, research analysts forecast that SiTime Co. will post -2.44 earnings per share for the current fiscal year.
Insider Activity
In other SiTime news, insider Fariborz Assaderaghi sold 1,267 shares of the 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 sale, the insider now directly owns 113,584 shares of the company's stock, valued at $16,787,715.20. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajesh Vashist sold 20,000 shares of the firm's stock in a transaction 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 directly owns 490,320 shares in the company, valued at $103,285,908. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,779 shares of company stock worth $10,591,318. 2.10% of the stock is currently owned by insiders.
About SiTime
(
Free Report)
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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