SiTime Co. (NASDAQ:SITM) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC decreased its position in shares of SiTime Co. (NASDAQ:SITM - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 375,064 shares of the company's stock after selling 7,743 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 1.61% of SiTime worth $80,462,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SITM. Barclays PLC increased its holdings in shares of SiTime by 80.7% in the 3rd quarter. Barclays PLC now owns 37,982 shares of the company's stock worth $6,515,000 after buying an additional 16,964 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 206 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of SiTime in the 4th quarter worth about $538,000. Proficio Capital Partners LLC bought a new stake in shares of SiTime in the 4th quarter worth about $4,418,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of SiTime in the 3rd quarter worth about $166,000. Hedge funds and other institutional investors own 84.31% of the company's stock.

SiTime Trading Up 8.3 %

Shares of SITM traded up $12.12 during trading hours on Thursday, hitting $158.98. The company had a trading volume of 172,761 shares, compared to its average volume of 307,727. SiTime Co. has a one year low of $87.48 and a one year high of $268.18. The company's fifty day moving average price is $152.65 and its two-hundred day moving average price is $189.85. The company has a market capitalization of $3.77 billion, a PE ratio of -39.25 and a beta of 1.98.

Insider Buying and Selling

In other SiTime news, insider Lionel Bonnot sold 3,501 shares of SiTime stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $174.25, for a total transaction of $610,049.25. Following the completion of the sale, the insider now directly owns 87,940 shares in the company, valued at approximately $15,323,545. The trade was a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of SiTime 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 sale, the insider now owns 92,847 shares of the company's stock, valued at approximately $14,636,401.08. The trade was a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,542 shares of company stock worth $978,713 in the last ninety days. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SITM. Barclays cut their price target on shares of 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 raised their target price 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. Stifel Nicolaus decreased their price target on shares of SiTime from $270.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reissued an "outperform" rating and issued a $250.00 price objective (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.00.

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.