SiTime Co. (NASDAQ:SITM) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 12,108.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,208 shares of the company's stock after purchasing an additional 12,108 shares during the period. International Assets Investment Management LLC owned about 0.06% of SiTime worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amica Retiree Medical Trust grew its position in shares of SiTime by 479.5% in the 3rd quarter. Amica Retiree Medical Trust now owns 649 shares of the company's stock worth $74,000 after buying an additional 537 shares during the last quarter. Legato Capital Management LLC purchased a new stake in SiTime in the fourth quarter valued at about $237,000. Keybank National Association OH purchased a new stake in shares of SiTime during the third quarter worth about $241,000. Park Avenue Securities LLC purchased a new stake in shares of SiTime during the third quarter worth about $268,000. Finally, Pathstone Family Office LLC increased its holdings in shares of SiTime by 5.9% during the third quarter. Pathstone Family Office LLC now owns 2,410 shares of the company's stock valued at $275,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 84.31% of the company's stock.

Insider Activity at SiTime

In other SiTime news, EVP Piyush B. Sevalia sold 1,768 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $115.42, for a total transaction of $204,062.56. Following the transaction, the executive vice president now directly owns 97,136 shares of the company's stock, valued at $11,211,437.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other SiTime news, insider Lionel Bonnot sold 781 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $117.08, for a total transaction of $91,439.48. Following the completion of the transaction, the insider now owns 98,299 shares of the company's stock, valued at $11,508,846.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Piyush B. Sevalia sold 1,768 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $115.42, for a total value of $204,062.56. Following the completion of the transaction, the executive vice president now owns 97,136 shares in the company, valued at approximately $11,211,437.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,151 shares of company stock valued at $615,401. 2.30% of the stock is owned by company insiders.

SiTime Stock Up 1.9 %

Shares of NASDAQ:SITM traded up $2.41 during trading on Wednesday, reaching $129.53. 177,752 shares of the company's stock traded hands, compared to its average volume of 214,842. The firm has a market cap of $2.96 billion, a PE ratio of -31.36 and a beta of 1.78. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $141.99. The company has a 50-day simple moving average of $90.58 and a 200-day simple moving average of $104.79.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.01). SiTime had a negative net margin of 66.88% and a negative return on equity of 11.29%. The business had revenue of $42.40 million during the quarter, compared to analysts' expectations of $41.65 million. On average, equities research analysts forecast that SiTime Co. will post -2.3 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on SITM. Barclays lifted their price objective on shares of SiTime from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 16th. Needham & Company LLC raised SiTime from a "hold" rating to a "buy" rating and set a $130.00 target price for the company in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.00.

About SiTime

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.