Deutsche Bank AG Has $10.90 Million Holdings in SiTime Co. (NASDAQ:SITM)

Deutsche Bank AG raised its position in SiTime Co. (NASDAQ:SITM - Free Report) by 22.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,798 shares of the company's stock after buying an additional 9,460 shares during the period. Deutsche Bank AG owned about 0.22% of SiTime worth $10,898,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SITM. Blue Trust Inc. raised its position in shares of SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of SiTime during the 4th quarter worth approximately $58,000. Smartleaf Asset Management LLC grew its stake in shares of SiTime by 278.4% in 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 increased its position in SiTime by 8,460.0% during the fourth quarter. AlphaQuest LLC now owns 428 shares of the company's stock worth $92,000 after buying an additional 423 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in SiTime during the fourth quarter worth approximately $130,000. 84.31% of the stock is currently owned by institutional investors.

SiTime Stock Performance

Shares of SITM stock traded up $0.64 during trading on Tuesday, hitting $206.54. The company had a trading volume of 142,284 shares, compared to its average volume of 244,604. The firm has a market capitalization of $4.90 billion, a P/E ratio of -51.00 and a beta of 2.24. SiTime Co. has a one year low of $105.40 and a one year high of $268.18. The stock's 50-day moving average price is $158.89 and its 200 day moving average price is $190.76.

SiTime (NASDAQ:SITM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.15. SiTime had a negative net margin of 46.18% and a negative return on equity of 10.12%. The business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $54.01 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. SiTime's revenue was up 82.7% compared to the same quarter last year. On average, research analysts anticipate that SiTime Co. will post -2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SITM has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on SiTime from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Barclays boosted their price objective on SiTime from $110.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Raymond James restated an "outperform" rating and set a $250.00 price objective (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on SiTime from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, SiTime presently has a consensus rating of "Moderate Buy" and an average price target of $215.00.

Insider Transactions at SiTime

In other news, CEO Rajesh Vashist sold 20,000 shares of SiTime stock in a transaction on Friday, May 16th. The stock was sold at an average price of $210.65, for a total value of $4,213,000.00. Following the transaction, the chief executive officer now owns 490,320 shares in the company, valued at approximately $103,285,908. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,267 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $147.80, for a total value of $187,262.60. Following the sale, the insider now owns 113,584 shares of the company's stock, valued at approximately $16,787,715.20. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,074 shares of company stock valued at $5,408,421. Company insiders own 2.10% of the company's stock.

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.