Guggenheim Capital LLC Acquires Shares of 2,152 SiTime Co. (NASDAQ:SITM)

Guggenheim Capital LLC acquired a new position in SiTime Co. (NASDAQ:SITM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,152 shares of the company's stock, valued at approximately $462,000.

Several other large investors have also modified their holdings of the company. Invesco Ltd. increased its position in SiTime by 11.0% during the fourth quarter. Invesco Ltd. now owns 983,175 shares of the company's stock worth $210,921,000 after acquiring an additional 97,062 shares during the period. Emerald Advisers LLC bought a new position in shares of SiTime during the 4th quarter worth about $18,673,000. Federated Hermes Inc. acquired a new position in shares of SiTime during the fourth quarter valued at about $15,446,000. Principal Financial Group Inc. lifted its stake in shares of SiTime by 15.4% in the third quarter. Principal Financial Group Inc. now owns 448,930 shares of the company's stock valued at $76,996,000 after buying an additional 59,931 shares during the period. Finally, Vanguard Group Inc. grew its position in SiTime by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,468,348 shares of the company's stock worth $529,535,000 after buying an additional 52,310 shares in the last quarter. 84.31% of the stock is owned by institutional investors.

Insider Transactions at SiTime

In related news, insider Lionel Bonnot sold 3,501 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $174.25, for a total transaction of $610,049.25. Following the completion of the transaction, the insider now directly owns 87,940 shares in the company, valued at approximately $15,323,545. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the transaction, the insider now owns 99,678 shares of the company's stock, valued at $20,376,176.76. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,809 shares of company stock worth $1,165,975. Insiders own 2.30% of the company's stock.

SiTime Price Performance

Shares of SITM traded up $7.95 on Friday, hitting $164.48. The company's stock had a trading volume of 59,174 shares, compared to its average volume of 240,594. The company has a 50 day moving average price of $152.40 and a 200 day moving average price of $189.65. SiTime Co. has a fifty-two week low of $87.48 and a fifty-two week high of $268.18. The company has a market capitalization of $3.90 billion, a PE ratio of -40.49 and a beta of 1.98.

Analyst Ratings Changes

SITM has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective 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 cut their price target on shares of SiTime from $180.00 to $110.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on SiTime from $270.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James restated an "outperform" rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.00.

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.