Values First Advisors Inc. Invests $219,000 in SiTime Corporation (NASDAQ:SITM)

Values First Advisors Inc. acquired a new position in shares of SiTime Corporation (NASDAQ:SITM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,436 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors also recently bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new stake in SiTime during the 4th quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of SiTime in the first quarter valued at about $32,000. Aster Capital Management DIFC Ltd purchased a new position in SiTime in the 4th quarter worth approximately $58,000. Smartleaf Asset Management LLC boosted its holdings in SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company's stock worth $60,000 after acquiring an additional 206 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in SiTime in the 4th quarter worth approximately $81,000. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,000 shares of SiTime stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $201.36, for a total transaction of $201,360.00. Following the sale, the insider owned 101,319 shares of the company's stock, valued at $20,401,593.84. The trade was a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samsheer Ahamad sold 4,000 shares of SiTime stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $200.00, for a total value of $800,000.00. Following the sale, the insider directly owned 72,021 shares in the company, valued at $14,404,200. The trade was a 5.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,818 shares of company stock valued at $13,171,258. Company insiders own 2.30% of the company's stock.

SiTime Stock Performance

Shares of SITM stock traded down $1.52 during trading hours on Wednesday, hitting $206.62. 62,509 shares of the company were exchanged, compared to its average volume of 267,260. SiTime Corporation has a one year low of $105.40 and a one year high of $268.18. The business's 50-day simple moving average is $202.90 and its two-hundred day simple moving average is $188.99. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -54.45 and a beta of 2.20.

SiTime (NASDAQ:SITM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.15. The business had revenue of $60.31 million for the quarter, compared to the consensus estimate of $54.01 million. SiTime had a negative return on equity of 9.43% and a negative net margin of 38.60%. The business's revenue was up 82.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. As a group, analysts anticipate that SiTime Corporation will post -2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SITM shares. Barclays upped their target price on shares of SiTime from $135.00 to $180.00 and gave the company an "underweight" rating in a research note on Wednesday, June 11th. Stifel Nicolaus upped their price objective 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 investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $224.00.

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.