PDT Partners LLC lessened its position in SiTime Co. (NASDAQ:SITM - Free Report) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,942 shares of the company's stock after selling 2,507 shares during the period. PDT Partners LLC's holdings in SiTime were worth $2,133,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SITM. Blue Trust Inc. increased its stake in SiTime by 44.7% in the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in SiTime in the 4th quarter worth approximately $58,000. Smartleaf Asset Management LLC grew its holdings in shares of SiTime by 278.4% during 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 in the last quarter. AlphaQuest LLC grew its stake in SiTime by 8,460.0% during the 4th quarter. AlphaQuest LLC now owns 428 shares of the company's stock valued at $92,000 after acquiring an additional 423 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in SiTime in the 4th quarter valued at approximately $130,000. 84.31% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SITM shares. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. Barclays lowered their price objective on SiTime from $180.00 to $110.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC boosted their target price on SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered their price target on SiTime from $270.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, SiTime has a consensus rating of "Moderate Buy" and an average target price of $204.00.
Get Our Latest Stock Report on SiTime
Insider Transactions at SiTime
In other SiTime news, insider Fariborz Assaderaghi sold 1,267 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $147.80, for a total transaction of $187,262.60. Following the sale, the insider now owns 113,584 shares of the company's stock, valued at $16,787,715.20. This represents a 1.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the sale, the insider now directly owns 92,847 shares of the company's stock, valued at approximately $14,636,401.08. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,806 shares of company stock valued at $960,942. 2.30% of the stock is owned by corporate insiders.
SiTime Stock Up 0.8 %
NASDAQ SITM traded up $1.29 during trading on Monday, hitting $165.11. The company's stock had a trading volume of 54,309 shares, compared to its average volume of 241,279. SiTime Co. has a 52 week low of $92.36 and a 52 week high of $268.18. The firm has a market cap of $3.92 billion, a P/E ratio of -40.68 and a beta of 2.24. The firm has a 50 day moving average price of $152.47 and a 200 day moving average price of $189.81.
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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